politics in a group americans base you this proposal right to a screeching halt in los angeles ramon dillon go party. now despite all of those problems you just saw there us president barack obama is still out today trying to sell people on the rise of america let's get to work let's show the world once again the states of america is the greatest victory on earth he's found passionate than average people are unaware of how the u.s. compares to the rest of the world some of those figures their remote showed us in his last report so of course this is the world that the united states is competing with and needs to look at how it stacks up against well maybe if they don't know about all of that it's because when they turn on the mainstream domestic news that works they see stories like this crew was hot then it was not now it's hot again for the first time j. crew presented its latest collection under the fashion tense color is the head of this branch was. did you hear that color is a competitive advantage for j. crew but what about a competitive advantage for the united states to talk about wh

thousand one hundred that's the big money statement he plans to take to the bank in los angeles ramon dillon though r t o lisa is getting some benefit after the attention is gone or his painting as far as the bailouts three years after the largest bailout in u.s. history unemployment is still nine point one percent close to twenty seven percent of homeowners with mortgages are underwater on those according to people who track it and politicians are still looking for a new solutions but here to help us understand if any of those can work for new york studio is andrew schiff of euro pacific capital thanks for being here andrew so three years after the federal government took over fannie mae and freddie mac. the mortgage giants as part of its bailouts what is this done for the u.s. economy exactly. president anything for the u.s. economy and certainly saved save the holders of fannie mae and freddie mac. bonds what it saved i mean basically you had fannie and freddie being completely bankrupt after having made ridiculously foolish loans into the mortgage market now i don't think there's anythin