st freight rail delivered caterpillar to peoria more than 100 years ago. still delivering cat machines today. you can find us on every continent. and the journey starts here on freight rail america's freight rail companies. helping deliver jobs across this country and goods around the world. reinvesting billions of their own money every year to build a rail network that powers our economy. nobody moves more dirt than caterpillllar. and we rely on freight rail to move us. >> this week after lots of campaigning for his jobs bill, the president came up short in the senate in the meantime, herman cain has shot to the top of theolls with his controversial 9-9-9 plan. joining us peter morici professor at the university of maryland school of business, and josh boak from "politico." gentlemen, welcome to you both. josh i will start with you. you wrote an article this week warning that the housing crisis raises the stakes for the bill. >> very much so. most local governments depend on property taxes to get their revenues, and property tax collection is goining to b