. >> and we know, gloria borger, erin's going to stand by as we see members there, there's gene spurling the president's economic adviser walking in, he's a member of the cabinet, the director of the national economic council. once he's out it will be just a moment or so before the president himself is introduced by the deputy sergeant of arms of the congress. gloria, $450 billion, that's what we're told, that this package the president will announce tonight will cost. and republicans no doubt quickly will say this is just more of the same old, same old. the economic stimulus package that they say didn't work two years ago, this is not going to work now -- >> right. >> -- either, and they'll dismiss it. >> to follow up on what david gergen was saying, the republicans are going to say it's too large. the folks at the white house understand that the republicans are going to say that. but they also have a democratic constituency they're trying to speak to as well, wolf. so, i think what they're optimistic about what jessica was talking about, what they're optimistic about is getting the, sa

. >> we know -- erin will stand by as we see members there, there's jean spurling, the president's economic adviser, a member of the cabinet, the director of the national economic council. once he's out, it will just be a moment or so before the president himself is introduced by the deputy sergeant of arms of the congress. gloria, $450 billion, that's what we're told that this package the president will announce tonight will cost. and republicans, no doubt, quickly will say this is just more of the same old same old, the economic stimulus package that they say didn't work two years ago, this is not going to work now. >> right. >> they'll dismiss it. >> to follow up on what david gergen was saying, the republicans are going to say it's too large, the folks at the white house understand that the republicans are going to say that. but they also have a democratic constituency they're trying to speak to as well, wolf. so i think what they're optimistic about, what jessica was talking about, is getting the, say, extension of the payroll tax cut for employees as well as employers. that would be s

when you look at the scoring this morning of what it would mean for jobs, gene spurling a white house economic adviser pointing me to analysis from mark zandi create 9.1 million jobs and cut one percentage point off the unemployment rate. the white house saying they agree with that analysis. >> christine romans, thanks so much for breaking it down for us. >>> something special this hour at the new york stock exchange. hillary clinton, rudy giuliani and several others will be ringing the opening bell to re-create this moment. the stock exchange opening for the first time after the september 11th attacks. our alison kosik will be interviewing hillary clinton and rudy giuliani in a few moments. first, alison, let's talk about what is happening on the floor right now. >> reporter: you know what? it's one of those somber reflective mornings. many traders that are here today, they were also here on 9/11. you know, the nyse is a few blocks away from ground zero. everybody is remembering that day like it was yesterday. you can walk around anywhere on the floor here and just about everyone her

. >> well, gene spurling is a smart fellow and realizes those are good numbers for him and they wanting below 8% and it never got there. but it's interesting. we asked cnn this morning to calculate, okay, 1.9 million jobs, 450 billion dollars, how much does that cost per job? i think the calculations came back around $225,000 per job. folks are going to think that is worth it, especially since it gives you infrastructure to boot. other folks are going to say, too much. i think what we are going to see is that there will be action by republicans to go along with the president in some areas. especially on cutting taxes and trade and helping small business. i think they are are going to be very resistant to a lot more spending. overall in this package, as i understand it, there is about 250, roughly $250 billion the president has proposed in tax cuts and about $200 billion in spending increases. he has got a much better chance of getting that first portion, that 250 than the second 200. >> eric cantor just telling us on this program here is what he would support. he would support payrol