mr. summers? >> most forecasters are now looking at growth and output in the gdp over the second half of in year. they are looking for it because they see that inventories are way down and businesses have to build them up because they see some increase in car and housing, sales, because they mo that the recovery act is going to gain force. but they also recognize as we do, that it is going to take time before a gains in output -- yoyou never will get gains in employment without gains in output, but even as output increases, it is going to take time before the number of jobs starts to grow. >> so we can't be satisfied with where we are and the economy is not going to be back to normal for quite some time, our problems weren't made in a month or a year and they are not going to be fixed in a month or a year. >> and i come back to this. we used to be six months ago, when the president took office, we were talking about whether recession would become depression. today, we are talking about win the rec

mr. summers and mr. geithner got into hypothetical back and forth. i have had deeper discussion with senior administration officials. they said look they got too hypothetical, too theoretical. the white house did not want any speculation about middle class tax increases. especially not now. why? because democrats whose votes they are going to need on health care for the fall are going back home for summer break. they don't want five weeks of conversation about health care cost implications and possibly middle class tax increases. that's why the white house did everything it could today to knock it down. shepard: major garrett live at the white house. major, thanks. speak of the financial situation, the united states postal service may be considering shutting down your town's post office. there is a very good chance it could be on the list of almost 1,000 sites which the feds are now considering closing. it's an effort, of course, to save money. the agency responsible for snail mail facing a potential multi billion-dollar loss as more americans commun

mr. summers on television.they were, frankly, just acknowledging the reality of the situation, and didn't really think that much of it because the truth of the matter is, the people that the -- my colleague has just quoted are absolutely right. you cannot do all of the things the president wants to do without raising taxes and inevitably that will be on the middle class. just to put in the record here what -- what both treasury secretary and mr. summers said, this is as reported by george stephanopoulos, the "this week" host for abc. he said, "to get the economy back on track, whether president obama have to break his pledge not to raise taxes on 95% of americans?" in a "this week" exclusive, treasury secretary tim geithner told me -- quote -- "ear going to have to do what's next." dismie then stephanopoulos continues, "when i gave him several opportunities to rule out a middle-class tax hike, he wouldn't do it." "we have to bring these deficits down very dramatically," geithner told me, "and that's going to re

mr. summers on television.y were, frankly, just acknowledging the reality of the situation, and didn't really think that much of it because the truth of the matter is, the people that the -- my colleague has just quoted are absolutely right. you cannot do all of the things the president wants to do without raising taxes and inevitably that will be on the middle class. just to put in the record here what -- what both treasury secretary and mr. summers said, this is as reported by george stephanopoulos, the "this week" host for abc. he said, "to get the economy back on track, whether president obama have to break his pledge not to raise taxes on 95% of americans?" in a "this week" exclusive, treasury secretary tim geithner told me -- quote -- "ear going to have to do what's next." dismie then stephanopoulos continues, "when i gave him several opportunities to rule out a middle-class tax hike, he wouldn't do it." "we have to bring these deficits down very dramatically," geithner told me, "and that's going to requi

mr. summers refused to rule out such a hike. >>> so our tax debate is coming up here on the call. rs? rs? let's ask. when i trade, i want a straightforward price. they lure you in with a $5.99 trade, then charge you 15 bucks. you get a low price, but only if you make a ton of trades. at td ameritrade, every online stock trade is just $9.99. period. no matter how often you trade. no matter how much money you have in the account. i hate those hidden fees buried in the fine print. surprise! it's a maintenance fee! i hate surprises. at td ameritrade, you never pay a maintenance fee. you get low, straightforward pricing, so you always know exactly what you're paying. hey, that works for me. are you ready to declare your independence? independence is the spirit that drives america's most successful investors. announcer: trade commission-free for 30 days plus get $100 cash when you open an account. >>> welcome back, everyone, to the call. i'm trish regan. we want to get you caught up on the markets because we are up 74 points right now on the dow. a lot of optimism right now about the econom

mr. summer said it, mr. geithner said it and ms. roamer made add ver tans to it too. hit the trifecta. gretchen: this is pretty blunt it's going to happen. with cap and trade, everyone uses electricity. everyone who made under 2 auto thousand dollars was going to be taxed. that was a little bit more obscure, was it not, lads and gentlemen? this is very blunt when they go to say. this it is for people to understand we do not have a choice as a country. yes, we do. at least up until a couple months ago we all had a lot of choices. some are concerned that a lot of those personal choices when it comes to health care and paying taxes will go away now. peter: other issue i heard these these issues were so dramatic but now mr. good night member is say -- geithner is saying we have to bring these deficits down dramatically. that's going to require some very hard choice. when i hear politicians talking about hard choices. they are not talking about what we are eating for breakfast today. they are talking about taxes. steve: they are talking about a hard choice. we will have to change how we got

mr. summers?this was not a school is in kind of thing. >> why are there no republicans at the meeting tomorrow, and since health care is the dominant issue, do you believe that they will be dealing with this considerably, and that health care will be the major topic? >> there will be a number of topics. i do not know if there will be a fall in trust, but i think that -- i am just not getting this today. i am trying. >> we are with you. >> one thing that i would say is that, i will get this as the scent -- the president speaking to the democratic caucus. they have a meeting that happens every tuesday. we're having this meeting at the white house instead of capitol hill. >> but the topic is health care. >> i think that you will hear a number -- i do not doubt that health care will be discussed, i believe that there will also discuss the economy, and the numbers that we will see throughout the week, on employment and manufacturing reports, just in general where the economy is. i believe that they wil

mrs. james in the summer. summer school is important. is introduced us to great black people in history. it was amazing. arizona's african discoverer, the first to die for independence, the mathematical wizard and inventor, this was a survey of black genius and creativity that made us believe we could do the same thing. she went to us to understand that the people in this book were people like us. >> what is important, the late marshal for 80, peculiarly gifted american writer, but about a subject that i cover in my new book on martin luther king jr. the most gift apostle of martin luther king jr. is jesse jackson. this book is a great book because it captures a great american. jesse jackson is a jeffersonian figure, the constant self recreation, perennial quest for the means to articulate an american ideal that is nurtured in his bosom privately that he wants to share with the world publicly. jesse jackson is an american original. i argue in my book that he makes love in language, the cadence is undulating rhythms that twist and turn, a very sensual where flesh and spirit meet. you take

mr. summer said, which is you can't have real economic recovery unless you do have retirement security andtical guts -- it takes political guts to take on social conservatives. >> i think larry wants to be the next fed chairman. he'll say whatever they want him to say. >> i don't think so. >> yeah. i do. i think another example of seniors saying, wait a minute, that's going to come out of mine again. >>> this is about shoring up retirement security so they can make sure that you actually have something. >> more taxes or less benefits. only way to do it. >> or raising the age of retirement, something like that. >> as larry said at the same event, if you have health care reform reducing the cost of medicare, that alone is going to make social security more solvent for decades to come. so, these are all -- >> this they've got health care reform and other issues. i think social security is going to -- like comprehensive immigration reform, that eel have to wait. >> drafted in 2009. >> all right, guys. thanks very much. >>> shocking allegations against a tv personality. officials say he secretl

mr. summers doesn't deal with too big to fail. >> dylan, you think -- >> i think the cost of doing this isnd immense and i think donny would agree. >> yes. >> in other words we did what we had to do to avoid driving the car into a tree. >> had no choice. >> the question is not why did we give them the money. the question is why did we not exact terms from them when we gave them the money. why did we not exact terms? that is when the theft was perpetrated against the american people. why no terms? why no terms? >> okay. followup question. do you ever sleep? >> in the evening. >> what do you think of this stuff? you come out here like it's like 3:00 in the afternoon. you're like pumped up. >> i know. i think about it a lot. it blows my mind. the other thing, i was so invested and so excited and thrilled for the capitalist system to see that the people that were heroes to me -- >> do you wake up in the morning -- >> were not making money but were stealing money. >> wait. who is a hero to you? >> all these people that were, that set themselves up as the architect of the modern financial system

summers says he cannot promise that mr. obama will stick to that pledge. >>> for is cashing in on the government's cash for clunkers program. ford is reportedly in its first monthly increase in two years. experts predict after this weekend $1 billion for the cash for clunkers program will be gone. the house voted to add another $2 billion to the program, but the senate does not follow suit this week, the program will be suspended. >>> starting today, three princ george's county fire stations are closing up shop, creating concern. >> some folks are concerned. rightly or wrongly, these stations were considered always reliable and always there, but now that is changing. but this fire station, it is moving out date. >> if they shut us down, where is the next station or to come from? >> firefighters are packing up everything from fire hoses to merge into manuals to air tanks. as the station is bombarded -- converted. >> faced with a budget that is $2 million less than last year, the party is facing some tough choices. >> we have

mrs. shriver founded the summer day cam than grew into the special olympics, which today operates in 170 countries. >>> costa rica's president oscar arias is sick with swine flu. government officials say he fell ill on sunday, complaining of sore throat and fever. he was diagnosed today with the h1n1 virus. the president's overall health is said to be good. on his doctor's advice, though, he's resting at home this week. >>> talk about a jolt from general motors. the company today saying its chevrolet volt car will get an estimated 230 miles per gallon. yes, 2-3-0. the electric car is expected to go on sale next year. gm's ceo predicts the triple-digit mileage will be a game changer for gm. we'll see. >>> it is a boy for grammy-winning singer jennifer hudson. the 27-year-old oscar winner giving birth yesterday to her first child. david daniel otunga jr. the publicist released the news today. the baby is reportedly named after hudson's fiance and weighed in at a healthy 7 pounds 14 ounces, john. >> great they have good news in that family. >> they could use it. >> erica, thanks so much. >>> next up

mr. gadhafi over the summer, i made it absolutely clear to him that we had no role in making the decisionut megrahi's future. because it was a quasi judicial matter, because it was a matter legislated for by the scottish parliament and not by us. it was a matter over which we could not interfere and had no control over the final outcome. >> now, the issue with that statement, "the times" of london report that's weeks before al megrahi's release, a british government minister sent a letter to the scotts suggesting they let the convicted terrorist go. according to "the times," peter mendelson, british's minister said he discussed it twice this year in meetings with gadhafi's son, including one talk a week before the announcement, though he denied negotiating any release in exchange for oil deals. yesterday, an emergency session of parliament, the scottish justice secretary who freed al megrahi, blamed the prisoner transfer agreement by former prime minister tony blair as the reason al megrahi was even eligible for release. >> throughout the negotiations and at the time of the signing of the

mr. obama was snapped short list last summer. putin has been shown shirtless many times. >> what it shows is that he is fit, he is strong, but he is not a drinker. many men in russia are alcoholics. his predecessor, boris yeltsin, was no stranger to the bottle. in a country where a man's life expectancy is just 59, putin's machismo is impressive. he rides in submarines. he tranquilizers' tigers. >> he cannot be a weakling. he is a tough guy. >> he must take his shirt off to prove to voters he is tough enough. sometimes democracy works in strange ways. >> a reporter from the bbc was calling him the prime minister pectorals. >> i do not know. >> there is a lot more still to come in our second hour. >> i do not know what to say to larry, who is my angel. >> 14 people's lives are now connected after a one-of-a-kind kidney swap in d.c. >> senate leaders will gather one last time before the summer recess. >> lisa baden will be back with another look at your morning commute. >>> a new supre

this is a weird summer we're having here, because according to mr. roker, this is the first time in a long time where during the summer we have not gone over 90 degrees once. >> first time since they kept records in 1869. >> nobody's complaining about the heat though. >> some people are. >> really? >> i'm happy. i'm matt lauer, along with al roker and natalie morales. >>> more news now on the octomom. back in the headlines. >> she is back. apparently now she is openly saying that having another eight children was a big mistake. she feels guilty about it, about what's missing from their lives and the impact that will all have as they grow up. we'll get more on that and talk to a psychologist about some things she should be doing to try to better their lives. >> those comments are going to make a lot of people very angry. >> absolutely. a lot of people are already very angry. this adds fuel to the fire. >> not to mention the eight kids when they read this later on. >>> here's a startling statistic. 80% of all auto crashes happen when the driver looks aw

mr. obama's economic advisors larry summers and tim geithner both said taxes on working measures may have>> we are not at the point yet where we have to make a judgment. >> you can't rule it out? >> i think what the country needs to do is understand we're going to have to do what it takes. we're going to do what's necessary. bill: that will not help the president's job approval rating which we discussed in the first segment. mr. obama issued a statement that saying raising taxes on the middle class would not be wise. he reafilterred his commitment not to do it. obviously his advisors are sending opposite signals. joining russ mary katharine ham and juan imus with. you heard our first discussion, do you want to weigh in on that at all? >> die. it strikes me as the republican party there as represented by mike and chris, it's like watching an emaciated elephant flailing around in the grass. no sense of direction. lost on the birth certificate issue? it's like confederates in the attic, bill. they don't want to acknowledge it's other. he is the president. they have got to acknowledge he is t

summer camp. >> that was my first introduction to working with children with disabilities and it impacted me tremendously. mrs. shriver came out and worked every day with the children. >> reporter: the summer camp grew into the internationally-recognized special olympics organization. special olympics president released a statement that said in part, our thoughts and prayers are with mrs. shriver and her family at this time. >> we have an inclusion program here at mercy for children with developmental disabilities. and mrs. shriver and the kennedy foundation originally helped us to get started by granting with grant money from the foundation. >> reporter: archbishop of washington spoke to the shriver family in massachusetts. jackie benson, "news4 today." >> this morning, police in the district are trying to figure out what happened it a woman found dead yesterday in the southeast, in the 3200 block of m street southeast just after 7:00 last night. officers were first called to the scene for the report of an unconscious person. the woman has ic en sent bodyent to the medical examiner's office for an autopsy. e

mrs. bush became a sponsor of the summer -- when she was first lady of taxes.o not mess with tim mcgraw, even if you are a fan. you could get booted from one of his concert. he had a problem with a fan at a recent show, and he was not shy about it. he had them and toss. -- had the man tossed. [ beep] you do not treat a woman like that. get out of here. greta: no word exactly on why he had a man objected, but he thought the man was routed to a woman and the crowd. update -- the m&a was -- the man was rude to a woman in the crowd. a truck driver crashed into a swimming pool while he was texting on one telephone, talking on another, and trying to drive. i guess he could not get the internet in the car to complete the trifecta. police confiscated but telephones. the driver was charged with reckless driving. gee, you think? finally, no matter how many times you have seen it, it is always amazing, at the space shuttle endeavour touching down at the kennedy space center in florida. the crew was finishing up the 16-day trip to the international space station. there you

larry summers may not be mr. charm, but he's a very bright fellow. >> he absolutely is. i think he's the top guy there in terms of having his finger on the pulse. >> paul volcker's a very bright guy, but i gather paul is semi-listened to and summers is, oh, what do i know. but those are very bright people. but they aren't businessmen. the combination, again, that's the executive branch. the legislative branch, i was going to say something rude, but i won't. they've deported themselves -- i'm not going to say it. >> you can say it, john. >> they leave something to be desired. they're so partisan, they're so vindictive, they're so mean-spirited, and these town meetings get every rabble-rouser in town to stand up and show his face on the screen. that's nonsense. >> well, i think you make a lot of good points. john, it's great to have you on the program, as always. >> good luck. >> we so appreciate it. well, we hope you're back with us -- >> my answers, they won't help you. >> they may very well help. hopefully, people are watching out there. john gut froound, always good to

mrs. shriver came out every day and worked with the children as well and she was very inspirational to me. >> reporter: the summer camp grew into the internationally recognized special olympics organization based in downtown d.c. special olympics president brady lumm released a statement that said in part our thoughts and prayers are with mrs. shriverer anher family at this time. >> we have a inclusion program here for children with developmental disabilities and mrs. shriverer and the kennedy foundation originally helped us to get started by starting with grant money for the foundation. >> reporter: archbishop of washington spoke to the shriver e family in massachusetts this afternoon. >> thanks, jackie. >>> a federal appeals court upheld the conviction and death sentence. it was rue nan muss. lawyers had argued that he hould not have been allowed to represent himself at the start of the thtrial. lwey always argued that prosecutors withheld key document documents from the defense. today's rulings leave few options for him. he's currently on death row for his part in the murder of 10 people in 2002. >>> the gover

mrs. shriver founded the summer day camp that grew into the special olympic that is today operations in 170ith swine flu. government officials say he fell ill on understood complaining of a sore throat and fever and diagnosed today with the h1n1 virus. the president's overall health is said to be good. on his doctor's advice, though, he is resting at home this weekend. >>> talk about a jolt from general motors. gm said that the volt car will get an estimated 230 miles per gallon. yes, 2-3-0. gm's ceo predicts the mileage will be a game changer for gm. we'll see. >>> it is a boy for jennifer hudson. the 27-year-old oscar winner giving birth yesterday to her first child. david daniel ortunga jr. the publicist released the news today. the baby reportedly named after her fiancee and weighed in 7 pounds, 14 ounces, john. >> great they have good news in that family. >> they could use it. >> erica, thanks so much. >>> next up, a new raid in the michael jackson death investigation. police search a pharmacy in las vegas. are they getting closer to an arrest? the latest just ahead. >>> and later on,

summer camp that eunice and sergeant shriver had established in their home. >> that was my first introduction and it impacted me tremendous tremendously. mrs. shriver came out every day and worked with the children. she was very inspirational to me. >> reporter: the summer camp grew in a recognized. senator brady lumm release add statement that said our thoughts and prayers are with mrs. shriver ear and her family at this time. >> we have a program here, and mrs. shriver and the kennedy foundation orange namely helped us to get started by granting with grant money for the foundation. >> reporter: archbishop of washington spoke to the shriver family in massachusetts. w jack jackie bensen, "news 4." >>> the ruling against john allen mao hand was unanimous. laerses argd h he shouldn't have beenwy alledow to represen himself. they also argued prosecutor withheld key documents from the defense. friday's ruling leaves few tirops foed apal.s he's currently on death row for the murder on his part in d deaths of ten people in 2002. >>> there's a new concern for swine flu as parents and student get ready to return to school. the guidelines come as mar

summer booktv is asking, what are you reading? >> peter osnos is the founder of public affairs books. mr. oss does what the plan on reading this summer? >> one of the first of siplin and reading is "k blows top" by keat-- peter crosson which is being published by public affairs but i see i have not had a chance to really get for everybody tells me is absolutely remarkable. he was a reporter for "the washington post" for many years and he tells the story of nikita khrushchev's visit to the united states in 1959 i believe, when he came here in the time of the cold war was at its peak and he was the quintessential russian galumph. he came here in traveled the country and why not to i was an elected house of the corn stalks or and he went al to hollywood in went to disneyland and what he is caption in that moment of american history and told the story with what i gather is enormous great, good humor is also a history of a very good kinds of that is the first book i will read. thank you. the second book i'm going to read this chris ee-- buckley, mum and pup. all of us have heard a little bit ab

she started a summer day camp for individuals with mental retardation. >> mrs. shriver was a member of a famous family, but in championing the rights of the mentally disabled, she made her own mark, an extraordinary one on the world. >>> i am so enriched by having not only known eunice kennedy shriver, but then part of the whole special olympics growth over these years. >> she never wavered from her initial purpose, which was sort of working for individuals with intellectual disabilities tmental retardation at the same time. and celebrating the human spirit. >> reporter: a spirit that will move on. ron matz, wjz eyewitness news. >>> eunice kennedy shriver was surrounded by family, where she died at a hospital in hyannis. more than 1 million athletes take part in the special olympics every year. >>> most of you watch the price is right right here on wjz. now, here's your opportunity to be a contestant in the popular cbs game show. you can take part in a contestant search on thursday, from 10:00 a.m. to 1:00 p.m. at the maryland spca in baltimore. that's on falls

actually, in 1963, she started a summer day camp, for individuals with mental retardation. >> reporter: mrs. shriver was a member of a famous family. but in championing the rights of the mentally disabled, she made her own mark, an extraordinary one on the world. >> i am so proud and so enriched by having not only known eunice kennedy shriver, but been part of the whole special olympics growth over the years. >> she never wavered from her initial purpose, which was sort of, you know, working for individuals with mental disabilities, mental retardation at the time. accepting differences and celebrating the human spirit. >> a spirit that will live on. ron matz, wjz eyewitness news. >> eunice kennedy shriver was surrounded by family and friends when she died in a hospital in hyannis. more than 1 million athletes in more than 160 countries take part in the special olympics every year. >> knight a legacy. >>> -- quite a legacy. >>> asia shakes. two powerful earthquakes strike, triggering tsunami warnings across the indian ocean. >>> general motors unveils the chevrolet volt. you won't believe ho

mr. obama is feeling the heat of our summer this content to that is what the polls are showing.ommander-in- chief is handling his job. these are numbers. we will give you a context and perspective on health care, nex. - oh, come on. - enough! you get half. and you get half. ( chirp ) team three, boathouse? ( chirp ) oh yeah. his and hers. - ( crowd gasps ) - ( chirp ) van gogh? ( chirp ) even steven. - ( chirp ) mansion? - ( chirp ) good to go. ( grunts ) timber! ( chirp ) boss? what do we do with the shih-tzu? - ( chirp ) joint custody. - dog: phew... announcer: get work done now. communicate in less than a second with nextel direct connect. only on the now network. deaf, hard of hearing and people with speech disabilities access www.sprintrelay.com. trace: in the top box, the senate is expected to add $2 billion to the cash for clunkers program. harry reid says a significant majority wants to move forward with legislation that would keep the program going until labor day. in the middle box, federal regulators are ordering pacific adjustments to the fuel tanks of more than 400

i think sunday we heard honestly from summers and geithner that they wanted to have these ton the table. we heard mr. gibbs come out and dismiss them but i think frankly they've got a better idea what policies they -- they might be pushing behind the scenes. in the health care bill they've got four taxes that hit people below $250,000 a year in the house markup and we haven't heard one peep from the administration about opposing these. one is a tax on people with unacceptable coverage. it starts with families who make as little as $18,000 a year. a new employer mandate is going to be paid by working people. they allow the distribution from h.s.a.'s or flexible sabrings accounts for over the counter drugs. estimated to cost $8 billion in additional taxes and a comparative research tax, which again will be levied, paid for by people who make less than $250,000. sean: well, it's nice to see lawrence summers awake for a few minutes and nice to get electricured by a tax cheat like geithner, but in all seriousness, you look at this article, the obama recession, the worst tax revenue decline since the grea

mr. obama has hit a rough patch. his job approval rating has dropped 5 points since the start of summer. our new poll taken in the middle of the much-talked-about townhall meetings also finds the country deeply divided over how far the government should go to reform the health care system. nbc's chief white house correspondent and political director chuck todd joins us to break down the numbers. hello, chuck. >> reporter: a heated three weeks on health care, no doubt. and while there is a large majority that agrees there needs to be a major overhaul of the health care system it is about the only point of agreement in this poll. the scenes are familiar now. passionate support. passionate opposition. there are differences. >> reporter: for the president the debate hasn't been particularly helpful. for the third straight month mr. obama's overall job approval rating has dropped. now just 51%. with 40% disapproving. on health care the president's job rating while unchanged still only has 41% approvinapproving, disapproving. lyle rexler of brooklyn is withholding judgment. >> we won't know un

summer. doctor says i have to lower my cholesterol. here you go, mr. noran.(announcer) trying to lower your cholesterol can be a challenge. lowering your cholesterol is a non-challenge. get your free sample online at non-challenge.com this is really good! . >>> this is the select auto imports redskins training camp update. >> the redskins had only one practice today, two a days start tomorrow. >> yes, but today was lots of time for feldman to do the questions on the grid iron. >> off the wall questions, for instance, how much do you think will thomas with bench press? >> i'm not sure will thomas knows. >> 150, each night at this time we like to get on the field and get with a certain redskins, ask him questions out of left field. today's victim is the cornerback, fred smoot, for a little question under the goal post, all right, a star defensive player, good to see you. how is training camp? >> it is training camp. >> off the wall question for you, what is fred smoot's favorite thing? >> i love the impala, and love my pickup truck too. i'm from mississippi, so

summer. his health care drive is under fire in new tv ads. >> mr. president, when you go back to d.c., drop your government-run public option plan. >> i think a public option is important. >> reporter: the president has said he still backs government insurance as part of reform. >> yes, we are considering alternativ alternatives. >> reporter: now liberal democrats who agree are weighing a special tactic in the senate. it would let them pass a health care bill with the simple majority, not the usual 60 votes. republicans are girding for battle. >> that would be an abuse of the process. >> reporter: on another front for the president, afghanistan. results of last week's election, incumbent hamid karzai versus challenger abdullah abdullah will be made public tuesday. there are growing claims of vote-rigging. that means new political trouble, on top of security threats as u.s. forces enter a ninth year of war. >> afghanistan is very vulnerable in terms of taliban and extremists taking over again. i don't think that threat's going to go away. >> reporter

summer. we know what that means. he did that deliberately. recently mr.steele said he didn't support the outrageous behavior, but, then, again, he can't control the protest. that's provocative language. mr. steele is in a position to call for calm in the republican party. >> before i let roland get into this. you have a lot to say. >> you know i'm just waiting. >> let me let sherry respond to that. >> to say all these people at the town halls -- again, is wrong. this is not something led by washington. this is not something that's being led by michael steele or john boehner. this is something anybody who's been watching politic s even a little bit in recent decades could see what was happening. massive bill. 18% of the u.s. economy, something that affects people so profoundly and their families, again, being rammed through without any discussion. people are angry and to say that this is partisan and all michael steele has to do is snap his fingers is unrealistic. >> please, for one night, drop the talking points, okay? >> these aren't talking points, rola

mr. berkman, jack. >> i remember, speaking of larry summers, when he would argue for balanced budgets, i guess that'sout the window now. what i would say to my liberal friend mike, why do we have to do this all at once? even he who believes in this stuff, t.a.r.p., cash for clunkers, and god knows what else the government is doing, why not just pick one or two? >> well, mr. antonio? why not just one or two? >> here it is. first of all, the deficit spending issue is a complete red herring. ronald reagan -- >> why? >> here's why. you look at debt to gdp ratio. >> so you want to raise the deficit? >> let me finish. ronald reagan's debt was 8%, george bush senior was 12%. let's say everything goes wrong, his debt to gdp ratio is 16%. >> that's a bad argument. >> that's below the people who you supported for years. >> let mr. bergman reply to the 18% under reagan. >> it's a bad argument on a number of levels, one is the gdp -- the country has grown so much. i'll give you the best argument against health care. let's make some news here. high costs are a good thing. the reason why the price point on the cur

we know that larry summers, the president's close economic advisor, has always been rafrded as a rival to mr. bernanke. there were other people who might have been on the list. but our reporting is that once president obama, working with chief of staff emanuel and treasury secretary geithner, focused on the choice they had, they didn't spend much time before they came to the conclusion that in this case continuity was wise and they'd offer him a second term. >> woodruff: your reporting was the same? >> yes. >> woodruff: and krishna guha, he still has to be confirmed by the senate. what should we expect? >> i would be astonished if he was not confirmed. but i think it will be a fairly rockry ride. there are a lot of people in congress, who although they credit bernanke for doing everything he could to stop this crisis, are very uneasy about this extraordinary use of fed powers about the way he's been in a sense creating money to pump liquidity into the markets to bias sets. a lot of people in congress don't like that. they fear the concentration of powers in the fed. and so there's going to b

summer. it wasn't enough that the surviving brotr ted had to watch it all and endure it, but it was all public. we watched him throughll o it. >> sator edward kennedy, mrs. kennedy, robert kennedy >> and no one watching the achingly sad coverage of president kennedy's funeral in november of '63 would ever have dreamed that the kenny, the next two america generations would come to know best, would be ted. as the son of parents who moved around a lot, ted kennedy attended ten different schools by the time he was 11. he went to pre school, then harvard. he was good at football, but bad behavior got him thrown out. after two years in the army, he got back in. thenent toaw school. then the family business. he r his brother's presidential campaign in the western states before it wasis turn. if you are talking about too many kennedys, you should have talked to my mother and father at the time when they were getting started. >> at the age of 30, edward kennedy ran for his brother jack's old senate seat where he won despite being called out by his opponent on his qualifications. >> if his name was edward moore, with h qualificions, with your qualificatis if it w

mrs. bernanke's purse at a washington, d.c. starbucks last summerd in the crime ring. here is something that bernanke can celebrate. the dow closed up for an eighth straight day setting the longest winning streak since april of last year, better than expected economic news drove the rally after critical loss of an energy and utility stocks. today, the market turned around with sharp gains in financial and industrial stocks. wolf? >>> thanks very much, fred, for that. when we come back, we're going to go back to boston. the presidential library. the doors are about to open there where senator ted kennedy's body lies in repose. we will go there. you are watching "the situation room." so what do you think? i think i'll go with the basic package. good choice. only meineke lets you choose the brake service that's right for you. and save 50% on pads and shoes. meineke. >>> the doors are about to open at the john f. kennedy presidential library. i want to go to jack with the cafferty file. >>> can senator kennedy's death revive the spirit of bipartisanship

mr. clinton. >> at the end of his term, he presided over the high water mark of relations with north korea and the united states. >> it was a cre to enter north korea illegally. earlier this summer, her sister spoke of what would beike to see her sister freed. >> is a scene that is been played over and over in my head. >> the hope is that both women will leave north korea sometime tonight with bill clinton. that will put them back in the u.s. tomorrow. >>> power poles came crashing down, bloin tghe t streets and the entra se to stmee o tration. se polls fall, but power is out in the neighborhood. we're live on the scene with the details. >> 3 poles came down, and two more were left waning. this is all happening right in front of the metro station. the trains are still running, and buses are picking people up. take a look down minnesota ave. we're trying to restrain the lines. what brought them down as anybody's guess. >> it sounded like shotguns. >> 3 power poles crashing down right in front of the metro station in washington. people dodged falling wires. >> there was some much power. sparks were flying everywhere. >> one transformer fell. one poll brought the other one down wit

that, senator grassley has spent his summer vacation warning that the legislation on the table right now is about to pull the plug on your grandmother. the chances of mr. enzi and mr. grassley voting for any major health reform seem right now to be less likely than me catching an orka on my rod and reel this weekend. now the one hope for a republican who might really be willing to reach across the ideological divide has been republican senator olympia snow of maine. she is the other republican in the gang of six besides grassley and enzi. senator snow had this progress report earlier today. >> we have not had the public option on the table. it's been addressing afford arment a affordability and manageability in the table. >> no public option on the table. not on the table. since the white house has been reiterating all week long how much the president wants a public option for insurance in the bill, i can't wait to hear the white house reaction to that. they're not even considering it. >> well, that's democracy, isn't it? >> you have folks that come from all different speck trumz trying to get something done. >> wait. that's democracy? the president s

summer. he looked better in those pictures with mr.n. >>> there is a joy in california as current tv celebrates the future homecoming of their coworkers in north korea. we will take you live to their headquarters. jack cafferty has your take on international politics and if the world will look differently on north korea after this latest move. you are in "the situation room." . at meineke, you're always the driver. >>> in afghanistan, a boy slices tomatoes. in mexico, waving during a welcoming ceremony. in new york, giants quarterback, eli manning signs autographs after training camp. in germany, a two-day-old gorilla held by his mother. hot shots pictures worth a thousand words. >>> a difficult ordeal for relatives of the two journalists, after they learned of the original sentence, hard labor at north korean prison, the sister and husband of laura ling spoke with anderson cooper. >> all we can say is that they are journalists. they were doing their job. my sister has been a journalist for years. that's all we can see. we don't know o

mrs. granville. he traveled to germany and dominican republic and had stem cells and he wrote they had been in the same clinic as farrah fawcett. >> an amazing summer celebrities who have died. even an article in the "washington post" about it comes in threes, but this has been waves and waves and waves. >> o.j., even some kennedy family trials he covered, as well. >> we talked about this earlier. we teased it. bob dylan is the rock icon. guess what kind of album he is coming out with. >> christmas. >> she coming out with a winter wonderland little drummer boy he is getting in the christmas spirit. it will release october 13th and proceeds go to charity and it is a group called feeding america and he hopes to give food to people in need. 1.4million people is how many people they think they will touch. u.s. open starts this weekend. look at how the williams sisters tune up. they get in to the dance. maybe we will see them on dancing with the stars. who knows. they were doing a prelim against the brothers at leg mason. >> show us your moves. come on, andrea. >> later on. >>> it is not dance party thursday, okay. >> i get wise, i wer he, se

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mr. dork and he's awful, right? and then, there would be this kind of talk and then, if it was a nice summer evening and went on a little longer they'd say, yeah, the school, i don't quite understand the education any more and i don't know what they are learning in the classroom. when i was a kid... there was always that beginning and it didn't usually go, i walk ten miles through the snow to get what i wanted. but it was sort of when i was a kid, you learned often -- often they'd say you learned the basics, reading was always a big issue, which is, you know, they are not teaching him how to spell, not teaching them pho phonetics any more and it is something called whole language and there was a kind of nostalgic moment and if you really stayed out and it was a particularly nice evening and everybody felt comfortable, my experience has been that people then start talking about how they learned. and, it -- they remember a great 5th grade teacher or great 11th grade teacher and will rhapsodize that person and then they also go... there was -- you know, the thing i use a lot now, is my aunt louise, taught me how to do need

summer's blockbuster comedy, "the hangover." starting august 14th, you can see him in "the goods: live hard, sell hard." let's take a look. >> somebody get dick lewiston off the lot. >> what's it matter anyways, mr think i made a sale. >> terrific, good job, teddy. >> and he wants to pay in cash, non-sequential, unmarked bills, neatly packed in this canvas bag. >> well, that's the thing, teddy -- [ engine revving ] [ tires screeching ] >> oh, oh, oh, my eyes! my eyes! my lasik! >> somebody call the cops. >> it burns! >> jimmy: say hello to ken jeong, everybody! ♪ ♪ they call me dr. love they call me dr. love ♪ ♪ i got the cure you're thinking of dr. love ♪ ♪ they call me dr. love dr. love ♪ i got the cure you're thinking of yeah ♪ [ cheers and applause ] >> that's the diet red bull talking. sorry. sorry. [ laughter ] >> jimmy: diet red bull. >> diet red bull, sugar free. i'm from hollywood, so -- [ laughter ] >> jimmy: dude, i got to say, my favorite part of the movie "the hangover" was you, i can say it now. spoiler alert. so, plug your ears. but you jumping out of the trunk of the car naked and beating the guy up. [ laughter ] [ cheers and applause ] >> thank you. thank you. >> jimmy: i'm a bi