from that magazine, rana foroohar, the deputy manager, who wrote last week's cover story on the decline and fall of europe. richard haass is the president of the council on foreign relations and has worked for the state department and national security council and lots of other places. we also have the eminent british historian andrew roberts, author of "the new york times" bestseller "the storm of war." welcome. >> thank you. >> jeff, let me start with you. you talked in the "financial times" piece this week about the way in which both europe and america were fundamentally misreading the economic crisis. i was struck by it because for just somebody who i would regard as a man of the left, and you were saying that even the whole conception in america, the democratic left of the stimulus program, of another stimulus is misguided. we've just -- i took you to mean just extending unemployment benefits, et cetera, is not going to jump-start the economy because you're just trying to jump start a consumption-based economy. and what we need are much deeper, longer-term investments, correct? >>

. >> rana, your article, one of the things you pointed out was the european strategy of responding to these multiple -- the serial debt crises has been to keep hoping that growth will bail you out, growth in europe, germany, but most importantly actually growth in the u.s. and all of that now, we're all beginning to realize -- and maybe that's what this week's market news is -- we're all realizing -- you put it in another column of yours, we're living in a 2% world. in other words, economies aren't going to grow at 4%, but at 2%. >> i wish i could bring better news. we're definitely in a 2% economy. that's why you saw the european debt explosion in the last few weeks. it happened as it did because the numbers from the u.s. started coming in and they were very weak. earlier in the year we were expecting 4% growth. we'll be lucky to hit 2. >> if you have 2% rather sthan 4%, all your numbers look b works, budget deficit, debt to gdp. >> consumption. you have to remember the u.s. and europe are each other's largest trading partners. stuff flows back and forth across the atlantic. american

. >> rana what do you recommend, because stimulus is going to be mission impossible. what can congress do to turn this around? >> i think what obama has to do and what the government has to do is switch from a cutting conversation to a jobs growth conversation. that's what people care about. we're seeing that in poll numbers. people are concerned about the debt and deficit but they're more concerned about jobs. it's got to be about growth. >> jared, as rana is talking about poll numbers, let's look at new poll numbers concerning how america feems about its congress, the disapproval rating is at 82%. as i said at the top of the hour, we are about to hear from president obama who is going to be addressing this new jobs report right at the top of the speech he's giving today. how can washington leaders restore america's confidence, the ability that americans should have in the people they're electing to solve the crisis? >> by getting off the sidelines and getting in the job creation game, much like you just heard. basically, congress like firefighters looking at a burni

still ahead this hour for rana to change we'll go back on the call of the soviet union. took a major turn twenty years ago this day out an attempt to overthrow the government with staged on the streets of more space. russia has refused to back the call made by the u.s. in the. syria's leader to step down in the wake of the violent crackdown on protesters the statement was released just a day after brac a bomber imposed a fresh set of economic sanctions on the country let's cross live to damascus now well to national standing by for us why is russia betting on syria to solve this problem independently. well alice russia's position has always been clear syria's definitely needs reforms detained is definitely needed required in this country but president assad needs time to do that and he has to be provided with this time russia has at least one and two months mosco signs that president bashar. has earned trust with what he's already done his release political prisoners he's repealed emergency law that was in force for nearly five decades since one thousand nine hundred six

rana faroohar, i encourage everyone to read the article. it's educational. rana, thank you so much for coming on. >>> and it has been, as we mentioned moments ago an up and down wee. today was much, much better than yesterday. we'll go live to the stock exchange for the closing bell. that is about six minutes from now. >>> also breaking news from the world of politics. be right back. that one day on the red hills of georgia, the sons of former slaves and the sons of former slave owners will be able to sit down together at the table of brotherhood. i have a dream today! [ male announcer ] chevrolet is honored to celebrate the unveiling of the washington, d.c., martin luther king jr. memorial. take your seat at the table on august 28th. >>> well, we now have all 12 names here. house democratic leader nancy pelosi naming the final they're. he three picks of the 12-member bipartisan congressional super committee, looking for ways to tackle the deficit. let's go to wolf blitzer. wolf, give us the names. >> jim clyburn, the highest ranking african-american in the

. >> let's head to rana then. you had a part in the decision-making. why put this image out there? well, the first reason we did it is because, i mean, i'm sure, as you know, the purpose of the art in a magazine, on television, in the newspaper, is to accompany and make the reader think in a way similar to the story. for the art for this -- "what if michael vick were white?" we turn to the late editor and chief in colors magazine and what he did in his magazine is that he racialized, he made queen elizabeth ii black and john paul, ii john paul black and in doing so became a very famous art experiment, to look at how visually we think about people differently when they are a different color. this was something we thought about for a long time. terms of the question, the question was out there from the moment he was arrested. this is something we took from the zite guys. we dedicated an entire issue to michael vick, and part of it was a vick confidential, in which we asked nfl football players if they thought things would have been different for michael vick if he would have been pun

the speaker pro tempore: for what purpose does the gentleman from mare rana islands rise? -- mariana islands rise? the gentleman is recognized for one minute. mr. sablan: mr. speaker, i rise today to pay tribute to the many individuals who founded, developed, and -- in the american islands where the american jurisprudence was liberated in the island in 1944. the world war ii government established a two-tiered government of courts. the pacific islands judiciary was last a three-tiered court system. when the commonwealth was formed in 1978, a commonwealth trial court later renamed the commonwealth superior court was established. during this trial court's infancy, the federal district court for the northern mariana islands retained regional juries decks over local matters n 1989 the commonwealth superior court was created. finally, in 2004, the ninth circuit was ended and those decisions are -- the history of our court system is colorful and unique as our islands and people. please join me in paying tribute to the many justices who have served our islands with distinction. i