that is why i talk about fear and guilt and optimism. there is nothing wrong with their brains but it has to do with their culture and our roles but. wrote in a way if you are a commanding general of our ambassador there is a limit. in fact, i have enormous respect and admiration or general eikenberry. but i notice as soon as he began to criticize, whom ever bred day would leave period -- impressed and they now pay is up to it. of i think he will be proved to be vindicated in 20 years. but as soon as you begin to say those things something meighen's you are stretched. it is not a question of intelligence. we have an argument with general petraeus and he can chop you up 75 ways. and he can show with this is working. but the problem is and i did not know what we could do as the public or politician. i do know that my whole speech today sounds fine and people could applaud year, but i could have a tabloid newspaper to say trace the politicians in sold since the troops but i can be disgruntled. >> that is true? >> but if an you imagine in a

and in the business we examine why the optimism from the u.s. supporting a dead default has been particularly short lived for the markets certainly for a warning that another business bulletin. just after nine am here in the russian capital you're watching our team thanks for joining us now to the top story in the lower chamber of the u.s. congress has passed a last minute deal to prevent a devastating full scale default after months long political confrontation well the only remaining hurdle for the legislation is senate approval which is expected later on tuesday artie's lucy craft and others in washington with more. not a lot of good news in terms of the big picture for the u.s. economy of course the only thing that we can be certain of that this deal means is that it avert the self-imposed potential crisis of a u.s. default which would have been the first time this country faced could have you felt it in its history what we do know in this legislation is it does sort of cut spending by about two point four trillion dollars over the next deca

that's why i'm talking about here and guilt and optimism.there's nothing wrong with the brains of the generals, senior politicians, ambassadors. it is something to do with our culture, and our roles. this is why i want to be a little pretentious. in a way if you are a commanding general or if you are an ambassador there is a real limit to how much you can do. i have enormous respect and admiration for a general itinerary he became the ambassador. but what i noticed is as soon as he began to criticize the strategy he went from being destroyed general who everybody was very impressed by. now he is criticized. not really up to its. maybe he is not releasing it. and the idea is by no longer -- not because they are not good. i think his analysis of what was wrong will prove to be corrected 20 years' time. as soon as he begins to say those things something about our structure and system means that you are immediately discredited. it's not merely a question of intelligence. these guys are phenomenal. you have an argument with general patraeus. you

is heading for a recession with india has reacted with optimism c. gets ready to implement a fast track reforms to encourage the mess to consumption and would stand to be economic struggles are bringing us the latest on the financial situation in asia from new delhi. asian markets have been tumbling in reaction to the latest news of the athan p. downgrading of the u.s. economy but actually many politicians and many analysts in india think that this country will only be affected in the short term by what's happening that they're actually better than many western countries especially your key in countries that handle what's going on in the united states we have india finance minister pranab mukherjee coming out and saying that this is only going to be really a short term impact analysts are thing that the bric countries will in the long term be a lot the fact that by what's happening in the united states but actually if investors move if they continue on this risk aversion and move away from u.s. treasury bonds they might actually feel more comfortable

and providing much needed optimism. >> paul: optimism is good, even if it's false optimism. >> when they faced each other, and counted in the super bowl, manning was the better man. think it's justified. >> paul: that's it for this week's he edition of the journal editorial report. thanks to my panel and hope to see you here next week. >> on fox news watch. >> g.o.p. presidential candidate rick perry speaks his mind about our sinking economy and gets hammered by the mainstream media, horrifying according to new york times reporter. why the liberal press attacks conservative politicians with their own words. >> that big black cloud that hangs over america, that dead. >> ed schultz uses creative editing to label perry and we did not show the full context and we should have. >> i need you to your congressmen, your representative that we're tired of the games. >> president obama takes a road trip in the the souped up mega million dollar bus, and was the mainstream media afford for the ride and the spin. >> keith olbermann's new home, current tv. given msn and cnn a run for their money. what

and, last poem, foolish of me and yet optimism. the title is only optimism. the other part was a preface. more and more, i have come to admire resilience, not the simple resistance of a pillow whose foam returns over and over to the same shape, but the sinuous tenacity of a tree finding the light newly blocked on one side, it turns in another. a blind intelligence, true, but out of such persistence arose turtles, rivers, mitochondria, figs, all this resinous, unretractable, earth. the next reader is summer brenner. . >> i'm going it read today an excerpt from anana, queen of heaven and earth. i wanted to say a few words about anana. this is the oldest literary work that we have. these are the cuniform tablets that were excavated in the late 1880's and early 1890's by the university of pennsylvania. tens of thousands of fragments of cuniform fragments. the story of anana starts in her adolescence. it travels through her journey as a queen and a goddess, and much of her story is devoted to the love, a very passionate love, for dimusi, who is a shepherd who she

the united states may have avoided defaulting on its debts but that has created little optimism on the markets instead investors are focusing on the poor state of the world economy also adding to concern is the fact that washington will be cutting spending by two and a half trillion dollars over the next ten years we do this deal in plays we're going to see some significant cuts in public spending in the second half of gear exactly at a time when the u.s. economy is slowing down so obviously i can use to imply some good old divisions downward revisions in green growth united states and united states is going to mean the world i think that we're going to see some growth down don't want to be regions in the world and in such kind of environment usually russia doesn't do very well we have done a couple of calculations we estimated if. growth united states for example is very easy to do by one percent growth in russia could actually suffer by two percentage points which is not non-trivial nontrivial impact. that's our business of that for this hour the backward law and funny that's. the. l

news item which is unfortunate mistreats has been dubbed top corner by some of the people here an optimism perhaps that they seek to bring down the government in the way the neighbors in toughness square. but where is the plan was there willing nonstop here a pretty absent that just makes hundred wayas and others angry for nine days she's been camping here furious that she can't make ends meet as a university student it makes me feel sad that when egypt decided to stand up and say we've had enough and when eleven. they decided to say we've had enough the media was all over there i haven't seen anyone from c.n.n. or fox news or any other big news channel here and it's really sad we also deserve a chance to be heard out but according to independent media consultant jeremy rudin the protestors need to be patient star has really reached international proportions yet it's not that the government is falling this is like an inside. story and that is a bit of a problem when you're looking from overseas trying to figure out what to cover it's not that you know the guy the economy is collapsing but

the optimism created by the u.s. avoiding a debt default has been particularly short for the markets instead investors are focusing on the poor state of the world economy the fact that washington will be cutting spending by to help trillion dollars over the next ten years so the concern . and we do see you in plays we're going to see some significant cuts in public spending in the second half of the year exactly at a time when the u.s. economy is slowing down so obviously i can use to imply some good old divisions double digits in green growth united states and united states will be using economy in the world i think that we're going to see some growth down dollar divisions in the world and such kind of environment usually russia doesn't do very well and we have democrats who are calculations we estimated if. you want united states for example it's very easy to do by one percent growth you in russia actually suffer by two percentage points which is not non-trivial nontrivial impact. and that brings us to the markets

president barack obama of course tried to inject some optimism into the public and into the markets on monday saying that america has been and always will be our aaa economy he says that washington's problem is not a lack of policy or plans but a lot of lack of political will and he says many lawmakers have been insistent on drawing lines in the sand and now it is urgent for all parties to come together to come up with a long term approach on how to reduce the deficit in the u.s. the u.s. has a debt of fourteen point three trillion dollars and growing and at this point many investors as we saw on monday are selling now and asking questions later clearly the markets have not been reacting favor favorably to the fact that standard and poor's did downgrade america's credit for the first time ever in history. now asian markets have been hammered amid fears the u.s. is heading for a recession but india has reacted with often ism say gets ready to implement a fast track reforms to encourage domestic consumption and withstand the economic struggles are bringing us the latest on the financial

immoral so although people are celebrating the fact that this did pass there is a lot of cautious optimism here what's important to know. about the interest in what's going on in the united states that is held by asian countries china being number one szczepan being number two so confidence has really gone down here the another thing that a lot of people are worried about is the fact that two point four trillion dollars is said to be cut in the united states spending but a lot of that hasn't been decided and seeing as how long it took for the jet deal to be finalized a lot of people are worried about whether or not the spending will actually become another sort of political game many critics of this deal are saying that this isn't going to do anything to help american unemployment which directly impacts the asian economy as well as you know asia is the manufacturing center of the world so if the unemployment problem isn't solved in the united states that also means that consumer confidence goes down for america and that means that they're not going to be buying exports from asia so that ca

the united states have avoided that they felt that the optimism that has left for the markets as that investors are focusing on the poor state of the world economy also adding concern is the fact that washington will be cutting spending by two and a half trillion dollars over the next ten years. we've used you in plays we're going to see some significant cuts in public spending in the second half or gear exactly at a time when the u.s. economy slowing down so obviously. some good old procedures downward revisions and green growth united states and united states is going to mean the world i think that will receive some gold down double digits in the world and in such kind of environment usually russia doesn't do very well we have done a couple of calculations we estimated if. growth united states for example is very easy to do by one percent growth in russia could actually suffer by two percentage points which is not non-trivial nontrivial impact. looking at the markets now oil prices are under pressure following a disappointing report on u.s. manufacturing and who's had concerns a rec

stuff here cornered by some of the people here an optimism perhaps that they suit can bring down the government in the way they neva think stuck with square. past with the cameras they were winning nonstop here they pretty absence put a stay on t.v. television camera. now blogger danny schechter says that the reality of life in israel often goes sunday notice because the country only attracts coverage for its role in conflicts many americans think somehow the israeli government is very popular police years of israel are killed out of attention in the american media and israel is presented almost as a model with a country when it's actually an extremely divided country a massive protest of the kind we've seen in israel about just the economic realities that people there are experiencing something americans have no understanding of because there's no context in the reporting israel's only reported in the context of its conflict with iran and its conflict with palestinians the actual reality of life in israel and what's happening to people there and how this right wing government in isr

definitely. >> the eternal optimism of a true football fan. germany in the summer of 2011.a country as the verse as it is large, and with big hopes for the future. >> thanks so much for joining us for a snapshot of germany in the summer. we leave you with the latest news headlines. see you next time. cgoes by" ♪

rage mixed with equal optimism. right now there's neither. no optimism., just malaise and un-we. we've got to figure it out. i don't care what candidate comes out of ahead. if they can drag along the middle class that you speak about. but let's go back to one quick point pup said do we have the resources? we do in the aggregate, by far. unfortunately, half of the nation's income resides in the top 3%. so the disappointment i have over the president's unwillingness to go to revenues, which he just perpetuated the income and quality that you and i talked about so often. >> i wanted to ask you something specifically about that. another troubling aspect of what little job creation we've seen is that it's very heavily planted towards low-wage job, only getting lower waged. high-wage jobs we've actually continued to see a loss of, even while the wages get higher. so we're seeing an increased widening, a complete loss of the middle. what sort of policy prescriptions would you have to try to combat that and how this really focusing on income and equality? >> the

you heard him lay out his optimism for a deficit he would be laying out specific recommendations for deficit t reductions and things for the economy, extending insurance benefits and the payroll tax cut from last year. in addition to that, george, an infrastructure back. these are ideas that need to take place for the economy. >> jake tapper. let's take one more look at the dow jones. still down around 400 points. right there. just about where the president began speaking. >>> as you just heard, president obama spoke to the nation about the downgrade of the u.s. credit rating. as you can see, the dow right now at 400 and has been a volatile day on wall street. this is because of downgrade of the u.s. credit rating. the dow is down 404. i'm cheryl jennings. >> i'm kristen sze. today was the first day of trading after a standard & poor's downgrade and investors showed their worry. >> leslie brinkley talked to investors about this and tells us more. >> the rumors swirl about rumors of a double-dip recession. i'm at the floor of the new york stock exchange where things got off to a rocky

we had some initial optimism. people are hong for the federal reserve to jump in to help the markets again. we were hoping for new ideas from germany to stop the crisis in europe. we see what the rally -- with the rally fizzled in the way that people do not have real optimism. they do fear, even after the losses of the last couple weeks, that we have not seen the bottom yet. >> thank you very much. for a closer look at how markets here in europe performed on monday, our correspondent sent us this summary from frankfurt. >> the prospect of an imminent end to the gaddafi regime have send -- has sent prices lower, not sharply lower. the brent crude is down by 1.5%. oil production in libya might resume. experts are warning that it will take a long time to get back to pre-four levels -- pre-war levels, as long as one year, some experts are saying. the ecb publish details on a program that proved to be disappointing. on a daily basis, the dax has lost 4.1%. >> will stay in frankfurt for closer look at monday's numbers -

. >> reporter: in its packed churches, there's a palpable sense of optimism about ghana's future. >>i wish i could say we've reached the promised land. we are quite close to it, we believe. >> the first building block to ghana's relative prosperity has been a free press. >> this is your show, the unique breakfast drive. >> almost everyone listens to the radio in ghana and lively political give and take is a breakfast staple. tempers flared close to boiling point at times in the studios but only until the show was over. all was quickly forgiven. in a continent where long-running dictatorships are the norm, ghana has enjoyed two decades of thriving democracy. two incumbent leaders have lost in general elections. in 2008, the margin was less than 1%. yet on both occasions the sitting president stepped aside and power was transferred peacefully. >> it is the first time that we have had both economic growth and political stability and freedom. >> reporter: ghana was the first african colony to gain independence back in 1957 from britain. it had its share of autocrats and military coups un

. >> i'm going to inject acc1: sl note -- >> of optimism? >> of optimism here, even though i believe a trigger is more likely. i think that this issuecc1: of reform is a way if you lower rates and you close some loopholes and then the bush tax cuts on the healthy expire because the president already said he would veto any chance not to do that. so i think there is a slight chance that something can happen because this sword is hanging over their head. >> there's a way to make tax reform feel fair without raising revenue. that may be a win for the democrats. chris: i get the feeling the people in the white house are mentally exhausted. people on the right just trying to get rid of this guy. people on the right just trying to get rid[ man ] i got this new citi thankyou card and started earning loads of points. you got a weather balloon with points? yes i did. [ man ] points i could use for just about anything. ♪ ♪ there it is. [ man ] so i used mine to get a whole new perspective. ♪ [ male announcer ] the new citi thankyou premier card gives y

optimize it. >> we're near second.re is an interesting older building that is a tall steel frame building that was badly damaged. >> it was cracked. exterior walls were cracked. it was repaired. i was retained by the owner to investigate the building. in the robeling steel institute report it was identified as damage identical to the '89 damage. what was fascinating is the fire damage inside. they had steel shutters and wire class. the floors where they closed the windose h windows had no fire damage. and without the windows closed had fire damage. >> in reading the reports, is that fire spread happens through openings and windows. we have lots of belliuildings w openeni openenings. if it was built that way we don't knock on the door say together is a hazard. it was built that way during the time. they're burning buildings with a fire-proof paint. if you coordinate that with wire glass or shutters or some kind of opening protection. i want to tell a story about the building across the street. in the 1989 earthquake, it

. >> i'm going to inject a slight note -- >> of optimism? >> of optimism here, even though i believe a trigger is more likely. i think that this issue of tax reform is a way if you lower rates and you close some loopholes and then the bush tax cuts on the healthy expire because the president already said he would veto any chance not to do that. so i think there is a slight chance that something can happen because this sword is hanging over their head. >> there's a way to make tax reform feel fair without raising revenue. that may be a win for the democrats. chris: i get the feeling the people in the white house are mentally exhausted. people on the right just trying to get rid of this guy. and why we fiddle, rome cc1:cc1:: chris: welcome back. dan, tell me something i don't know. >> things are actually, believe it or not, getting at least somewhat better in afghanistan. a really good job being done by general caldwell. in retraining a real police force and a real army, cautionary note, the basic problems remain, a corrupt and inefficient gov

now you're back again with not so good news. >> since then, of course, we're drifted lower in optimism. i guess if you're asking yourself what happened in july or what happened in june or what happened in may or april what would make you more optimistic about the course of the economy, you'd say nothing. it looked like we were going to make a run for 100 at least in the index. now we're back below 90. clearly a recession level reading. >> if you look at the chart the last time you see a big dip like that it's early '80s. >> that was the worst recession since the depression until we had the last one. it's all been revised downward. it was worse than we thought it was going to be. here we go. we're trying to climb our way out of this canyon. but things going forward just don't look very good. consumers are depressed. sales aren't good. one in four say weak sales are their top business problem. nobody wants to borrow money. there's no reason to boar remoney. >> is it predictive for the future? >> oh, sure. it's really a pretty good index of where things are going to go. small businesses p

president barack obama of course tried to inject some optimism into the public and into the markets on monday saying that america has been and always will be our triple a economy he says that washington's problem is not a lack of policy or plans but a lot of lack of political will and he says many lawmakers have been insistent on drawing lines in the sand and now it is urgent for all parties to come together to come up with a long term approach on how to reduce the deficit in the u.s. the u.s. has a debt of fourteen point three trillion dollars and growing and at this point many investors as we saw on monday are selling now and asking questions later clearly the markets have not been reacting they were favorably to the fact that standard and poor's did downgrade america's credit for the first time ever in history well later on visit one american city that highlights the devastating consequences of an investor retreat once a buzzing urban center the area is now a battered shell with more than half of the population running away from the national despair. or asian markets have been hamme

immoral so although people are celebrating the fact that they did pass there is a lot of cautious optimism here but it's important to note that asia has a huge vested interest in what's going on in the united states that is held by asian countries china being number one to pan being number two so confidence has really gone down here many critics of it feel or think that this isn't going to do anything to help american unemployment which directly impacts the asian economy as well as you know asia is the manufacturing center of the world so is the unemployment problem isn't solved in the united states but also means that consumer confidence goes down for america and that means that they're not going to be buying exports from asia so that can really impact the people's jobs here in this continent. and that was are things are pretty shrewd of the reporting from new delhi well there you are with our two younger still to come on the program reporting voice. i haven't seen anyone from c.n.n. or fox news or any other big news channel here and it's really sad we also deserve a chance to be heard ou

and ronald reagan came in, found a way to turn conservatism into a hopeful optimism.the political need for, you know, morning in america, hope and change, does that cut against the ability to have the traits you're talking about that are needed? >> i think it does. these traits aren't just on the left or right pap good example, winston churchill, very conservative, but during world war ii, just before world war ii, very realistic and pessimistic and no one wanted to hear it in the 1930s. yes, when people talk about optimism and needing to be optimistic all the time, all that. >> great campaigning. barack obama became president on that, but obviously has no capacity for a realistic assessment of what actually is wrong with this country. go ahead imejeanne? >> and the black dog, call it, got us through war. britain got rid of churchill as soon as the war was over because of optimism and national health care and so forth. different leaders for different times has to be the case. >> exactly. crisis leadership. >> yeah. >> non-crisis times times of peace and prosperity, me