gareth are those everyday americans are ready for this drawdown a search well actually i think the average american is way ahead of the president

. >> if you look to the heart and mind of the average american, the average guy standing at the lincolnmemorial at wiring lincoln, do you think the average american admirers and gloves lincoln because he played a significant role in ending slavery, because he played a significant role in keeping the union together or because of this magnificent war he has in his political, spiritual, intellectual gift and power clucks >> it's a great question and a magnificent or what is a wonderful phrase and you feel that when you stand at the lincoln memorial and part of it is also because of the extraordinary statute with such a presence in that temple. for one thing i don't think every american knows revere lincoln. in that some of the best-selling books on lincoln in the past ten or 20 years our books by a guy named thomas dilorenzo, the historian whose shtick is what a fascist pay abraham lincoln was. [laughter] and it's something i found after writing the series for "the new york times" a lot of commentators want to paint abraham lincoln as a sort of pro obama that stands for arbitrary use of po

accountable amounts to a betrayal of the average working american since the height of just one who had nothing european country with their nice homes with swimming pools and i'm getting bit by bit. under pressure from u.s. cities which a bank has begun to repair some of their properties but without much of the announcer of an efficiency but with so many homes still at risk of foreclosure it may be too little too slowly too late in los angeles and i'm wondering the r t. joining me now for more on this topic is timothy he is professor of international economic law at chapman university thanks so much for being with us now before we get into kind of the economic nitty gritty i just i'm curious you know often the debate in this country is framed as republicans versus democrats but do you think that is becoming less important than the divide between the haves and the have nots in the united states. i think that is an interesting way to look at it there is a remarkable amount of consensus degree of consensus between republican and democratic elected officials one wouldn't know it by hearing

but the average american worker's fate is in a very different place. they're stuck in the united states. they can't do this great arbitrage. their wages have been flat for ten years and... >> jon: capital is mobile but people... >> exactly. and so for them what you have is these twin forces of technology which means machine cans do things people used to. there's now computer programs that can do stuff lawyers used to be able to do. discovery and things like that. may not be such a bad thing. >> jon: what can lawyers do that computers can't do? (laughter). >> well, if you wanted to try and sue somebody about that... >> jon: no, i would not! how do you sue somebody over your... who could i sny. >> jon stewart? >> jon: my arm? i would sue my own arm. what were you thinking? (laughter). >> i think there was a defective manufacturer. >> jon: there was something defective in there, all right. (laughter). >> but the other part of it is, of course, the fact that you can make stuff all over the world. so you take technology, you take globalization. for the ameri

given the way technology works and globalization works these days, will innovation benefit the average americana better job as a consequence of innovation? the answer is, we can't be sure. take a look at apple. the model of innovative company. it employs about 50,000 people. then you've got foxconn, the company in china that makes most of apple's products. it employs over 1 million people. the small number of engineers, designers and executives at apple are thriving, but the jobs are going to hundreds of thousands of workers in china. unless we can solve this problem, innovation might prove to be good for some americans, but not all. here's john kao. >> the united states is in danger of becoming a nation of innovation haves and have nots, so there's a segment of the population that they may have started a company, they may have gone to a good school, they may have the skills to be able to innovate, but i think there's a growing potential for a disenfranchised part of the american public that are not beneficiaries of the innovation economy, are not able to originate within that, and to the exten

at ways to revive innovation in america and ways not just to help the rich get richer but the average american, too. all that and more. at 190 miles per hour, the wind will literally lift ordinary windshield wipers off the glass. so, did we build a slower car? or design wipers that could handle anything? what do you think? the cadillac cts-v, the world's fastest production sedan. we don't just make luxury cars, we make cadillacs backed by the superguarantee®? find a business only& suonline.s®. on your phone. or in the book. go to superpages®. and let the good guys save the day. of some of the annoying symptoms menopause brings. go it's one a day menopause formula. the only complete multivitamin with soy isoflavones to help address hot flashes and mild mood changes. one a day menopause formula. >>> we've just seen in graphic detail how innovation has directly translated into rising living standards throughout history, propelling america's dramatic rise in the 20th century. now in the 21st century, we are falling behind -- and fast. how do we get our innovation groove back? first, let's take a s

turns out the average american worker works 350 more hours per year than the average european. 's nearly 44 more days. the reason? americans take less sick days and nearly half the vacation time of their european counterparts and americans work more overtime, much of it overtime. you know how it is, work every day of the week and don't complain about it. >> that's right, and give it all back to your employer when you can. in new york, terrell, thanks a lot. have a great weekend. >> you too. >>> here in new york an advanced case of justin bieber fever. the teen singer was promoting his new perfume and he drew a huge crowd, when he came out, there was a scuffle, when a barricade fell. bieber's security team rushed him back into the store, but then police struggled with a man who turned out to be one of bieber's security guards. bieber was not hurt. >>> straight ahead your friday morning weather, and in sports, here he is, the top pick in the nba draft. at bayer, we've been relieving pain for over 100 years. and today, we're re-inventing aspirin for pain relief. with new extra-stre

>> for millions of americans, it feels like the same thing, but the technical difference is we went down and then we went up, and maybe we go down again. for the average american, though, the way they measure whether or not the economy is getting better is their home price and their ability to get a job. on both of those fronts, it's going to be years before we see a big improvement. >> wow, a much grimmer look than we were led to believe a few months ago. michelle, always a pleasure having you from cnbc tonight. >>> and don't think there aren't huge political implications to this. the obama white house sure expected things to be better. and for republicans, this gives them something substantial to run on. and as of today, that officially includes mitt romney. zion of the prominent michigan family, a mormon, millionaire ceo, former massachusetts governor. he officially got into the race today by teeing off sharply on the president. >> these failing hopes make up president obama's own misery index. they have never been higher. and what is his answer? he says this, i'm just getting started. >> so chief white house correspondent, political director chuck

if i'm not, if i'm the average american, why do i care about what happens in greece? well, you care because if you have a break-up or a breakdown of the euro zone, that's a huge instability and uncertainty that goes into a fragile economic system already. if you've got european banks that are in trouble because of their exposure to greece, then you have an international banking system that has another weak spot, at a time when you're going get the banks to be healthy again. this week, we saw a couple of days when they were worried about greece and greek debt, u.s. stocks were going down. that's your 401(k) and your retirement. it's not uncertainty out there. people will say the u.s. is not greece, greece is not the u.s. that's true. the size of the economy of michigan is basically the size of the economy of greece, yes. but it is one of these important pegs or stepping-stones in the global economic system. >> 2 1/2 years ago, most americans wouldn't have been able to describe to you how an international credit freeze or crisis affects them. we then subsequently learns

really what's going on for the average japanese which is really where the rubber meets the road or whatever cliche. is a very very different reality that while the average americans reality is getting more and more dire and terrible the average japanese reality for the last twenty years has been pretty damn good. yeah exactly of course that was a terrible crash nearly nine you know actually it's but that's a long time and under the japanese really got over that much more quickly than the american press the british press would have you believe in in the interim the living standards in japan have increased very rapidly and very obviously things like mobile phones good leading indicator of further her living standards pick up and japan was faster than the united states by the end of the ninety nine. japanese mobile phones in the japanese market were about two generations ahead of american mobile phones much like you have been with many more capabilities you can try to thirty times all sorts of other evidence of that sort but it was ignored all along in this talk about you know our feeling economy so of life for the average japanese this period plus they all have fre

similar class action suits in the future. >> what do they say about the impact of this on the average americant on the average american worker is that it's going to be harder to bring a lawsuit like this against your employer. and there are a couple of reasons for that. first of all class action allows someone to not speak alone, to not have to feel that reluctance about coming forward and saying something. and possibly facing the repercussions of going against your employer. also, it's less expensive to go as a collective group. there are many americans who won't even take a case like this if it's coming from one person. they need to be able to show, in order to make a big settlement, that this was happening across the board, and it happened to many people. so the legal analysts i spoke to said individuals who have a complaint or a grievance against their company may not even be able to find legal representation in the future because of this precedent. >> interesting. we'll continue to follow the fallout. thanks. we'll be right back. you're watching "the early show" we'll be right back. you'r

. >> the average american could -- i mean just to put this more in layman's terms, the average americannumbers like this. >> think about it. the average american makes about $50,000 in income a year. if you were living the way the united states is living and managing its debt, you would also have $50,000 in credit card debt. that would mean you practically have, you know, the lowest credit score there is out there, you don't have access to loans, you don't have access to the ability to get funds to buy a house or car or pay your daily bills. >> looking at this as the u.s., where does the country stand in terms of any movement or compromise when it comes to the debt situation. >> you see these people doing twirls in washington, d.c., the democrats and the republicans and that video that chris showed us but it's not that simple. basically what's going on is the democrats and the republicans have reached an impasse where the republicans say it's all about cost cutting and the democrats are saying there has to be tax increases and we've got to talk about the cost cutting down the road after

differential on your exports hence the greater trade imbalance the fact that nobody communications to the average american is shown balik so they did say that excluding oil imports the deficit narrowed the lower value of the dollar is helping exports but they're in a spiral because as their global empire in the reserve currency all of these commodities are placed priced in dollars it's the mathematics of insanity yeah sure we increase our exports but we're losing money at the end of the day it's like this new i.p.o. going public group they lose money on every sale but they're going to make it up on volume they promise as they go public for a twenty billion or so valuation as has been described it's a guaranteed failure ponzi scheme within five years the company won't exist anymore and yet ponzi schemes are valuable in america but while speaking of insane mathematics a quote from the article reads still economists expect the fast rise in exports will boost growth in the april june quarter even with high oil prices that's because the government adjust for inflation when calculating the nation's gross domest

they're living a different life than the average american. >> reporter: all this while they look to cutenefits to reduce the deficit. calling pumping ironing. jake tapper, abc news, the capitol. >> yes, so nice they have time to work out. >> that is nice. yeah, that's going to raise a lot of eyebrows am that's what's making news in

our friends at cnn money point out that if the earnings had kept up with costs, the average american would be making 77 grand a year. is college worth the cost if you make the right choices? >> it's worth the cost in the long term, it's certainly worth the investment, but what we have to ask whether or not the increases in college tuitions, what are they based on, and why do they go up every year the way they do? i say this as a college professor who earns my living at a very expensive private university. >> nyu. >> nyu, had is rigwhich is righ top, but it's a question we have to ask as a society that we're saddling our youth with the huge debts that the they have to pay off and it undermines their ability to lead independent lives. >> the housing market allowed the whole tuition inflation, because middle-class parents could take money out of their house, they could suck the money out of their house because they know they want their kid to have a well-roundedcati education be that's the best way to get ahead. and now the house is worth less and they can't do it anymore. >> right, what

but lustig argues that while we wait to find out, the average american is consuming 90 pounds of sugar a year. he says 90 pounds of poison, which even the skeptics agree is too much. >>> very interesting. ida siegel will continue our coverage tomorrow night for part two of this toxic sugar report. what if you want to cut back, and how much can you tabulate your sugar intake every day or every week? we teach you how to decipher supermarket labels, what to look for, and the one thing that experts say never to put in your grocery part. >>> well, doing the groceries this weekend is probably a good way to stay out of the rain. >> yes, that is a great way. make up a long list and pick up a few things for me. a look here at our 48-hour rainfall totals. .39 in walnut creek. livermore, .18. and in the past 48 hours, we have had more rainfall than we had with some of our storm systems in january when we should be picking up a lot of the rainfall here in the bay area. today's highs, very, very cool. low to mid 60s. only 64 in livermore. 66 in san jose. 66 in san francisco. as you have heard me sa

conflict the last couple of months that is not a factor in driving up the price of gasoline for the average american although speculations has to be at the back of it to robert perry ross baker gentlemen thank you both for being here and it's much appreciated slain pakistani journalists. knew better perhaps than any of the journalist in the world is likely killed over what he knew in his book inside al qaeda and the taliban published just days before he was murdered two weeks ago she zod said that our middle that our war effort the middle east following nine eleven was exactly what al qaeda was hoping for al qaeda figure that the u.s. military aggression would be just what they needed to swell their ranks with young muslims who would become filled with rage as they watched their communities destroyed by american bombs and today that u.s. military action has expanded beyond afghanistan the under rakyat in libya and even beyond yemen this is what will war looks like and it's not the way to win hearts and minds. it appears that the republican party has gone insane house budget chairman paul ryan the gu

warfare threats as opposed to what you talked about you know hacking the little man there the average american. you know they're not misplaced in the sense that they understand what has to be done but i think in this place and how they're going about doing it they're not protecting it right now and they're they're imposing all this legislation and talking all these big things on capitol hill about how they want to protect us but they're not getting it done instead we're becoming victims and until they figure out how to protect us as a country to protect our cyber our national infrastructure we're going to continue to have problems and i'm afraid exactly what you're saying is someone's going to be trigger happy and pull the trigger words shouldn't be told it isn't really the government's role to sort of lead this initiative or do you see private firms sort of stepping in and doing this on their own. i think the end of the day the government's legislation to impose a blanket over all security measure worrying that companies have restrictions on what they must report and must not report is approp

export growth, and we need to see a shift to more responsible saving pattern, not just by the average american, but by the government itself. we are seeing that pattern start to take shape in the united states. >> these are the questions much debated in the g-20. india is now a member of the g- 20. it is a wonderful development to be emerging economies like india. how do you see the role of india in the g-20 and cooperate -- cooperation with the u.s.? exchange-rate policy issues -- how would you about your weight the discussions and the progress made at the g-20? -- how would you evaluate the discussions? >> the establishment of the g- 20 has clearly demonstrated the -- 85% of the world economies are represented by the countries of the g-20. it is because of the g-20, [unintelligible] to prevent money laundering and to counter terrorist activities, the positive contribution made is the contribution of the g-20 to ultimately [uninlligible] it compels the jurisdictions to cooperate to prevent money- laundering effectively. i am just giving you one example. there is a sustainable framework as you

you know, the average american is not-- is not well-educated, as a rule, if they're in the public school system, and certainly not well-educated as pertains to their news. so how can you expect them to listen to a stand-up comic who they see as being a nasty naysayer, unpatriotic person, you know? you know, comics-- was that enough words for you? could you shut up so i can get a word in edgewise? for crying out loud. gosh. you feel better now? yeah. all right, good. you're just talking so much. this is a show about listening, is what it is. [laughs] and yet you've probably, throughout your career, made fun of reagan and clinton and bush the first. see, but it's not making fun of, do you know what i mean? like, that's the error there's been. i'm not blindly making fun of, like-- "reagan's got a neck like a turkey. barbara bush looks like the quaker oat man." you know what i mean? like, that's nonsense. i'm not gonna attack anyone for the way they look. if i've got something to say about politics, i've got something to say about what i perceive to be the dissemination of disinformation or

unemployed in the united states today there are six point two million long term unemployed overall there are twenty five million americans that are either unemployed or underemployed and the average duration of unemployment in united states to date is approaching forty weeks two years ago i'm sorry got into two thousand and seven we have twenty six million americans on food stamps today we have an all time record forty four million americans on food stamps so things are getting worse and birmingham is in a state of demonic and he said of course he very hinted at least that q.e. three the controversial and quantitative easing program is not that he continued it's a question the current the current round of of pumping dollars into the economy is set to expire soon do you think that they'll stick to that promise already think of that that will contain printing. i don't think there's any way to stick to those problems because the truth is that around the world people are getting tired buying u.s. government debt there's been headlines about china reducing their holdings of short term government bonds lately the top official in the russian government came out recently and so they're g

well aware that the average american now looking for work in this country has been looking for more thane months. the longest time frame, george, since they started keeping records back in 1948. a sobering figure tonight. george? >> thanks, david. >> we should point out david is traveling the country for made many america. all next week here, we ask which cars made in america actually deliver the most jobs. the surprising findings as one family hunts for a new car right here on "world news." >>> and sunday on "this week," white house economic adviser austin gools bee. >>> new cases tonight in the deadly e. coli outbreak spreading across europe. one of the worst ever. it involved a new and extreme severe strain, and there's still no answer to what's caused more than 1,700 cases and at least 18 deaths. lisa stark reports on the desperate search for answers. >> reporter: it's a mystery. europe is racing to figure out the source of the deadly e. coli bacteria. an extremely toxic strain that has never been seen in a food outbreak before. >> this bug produces so much serious disease that we th

the national average $3.75 they had been going down. >> yes, they have been going down. the price of oil went to $110 per barrel, is pulled back to $100 per barrel, right now the average american about 4% of their budget on gasoline. >> that is so little bit. >> it is not bad debt. the food and gases about 12 percent of our income, something to think about with all the vegetables that they're recommending. >> let us talk about ford, they ought are not surprising given all of this pressure on smaller more fuel efficient cars. >> they have agreed ceo, he did not want a bankruptcy he did not borrow money from the u.s. government. their plan is to target growing markets, brazil, russia, india and china, but party clearly in the and china their countries that do not have small vehicles already, ford is gray with a small vehicles but the downside they do not make as much money as the big trucks do for the automakers. >> another thing that car my eye, i would think a lot of people, like the top die at gm say maybe if gas cost even more, maybe people will be more efficient. but that may cause an uproar. >> he is talked about a gallon--a dollar tax per gallon. we consume 100 and phil--

it says that the average american household has, if you take the national debt and unfunded liabilities, almost half a million dollars by an obligation. it is unthinkable. by can tell you this. i am pretty confident that we will have a republican house, senate, and white house. because this president has failed. look, he is a white -- a nice guy. well spoken. he could talk a dog off of the meat wagon. [applause] in the beginning it was all about george bush. we are not hearing much about george bush anymore. unemployment went up again today. you know what? you cannot keep blaming george bush. this is now his economy. the borrowing and spending, the $1.60 trillion deficit, these numbers are his. it is why he is going to lose. we will have a republican house and senate. it is not that we have all of the answers, but one of our answers is to stop spending everything that you take in. [applause] and i will hold the line so that we do not keep adding depth on to the backs of our kids. sir? you do not have to get out, if you do not want to. let's in just a handicapped old citizen. in an ordin

they are living a different life than the average american. >> all this while they look to cut your benefitsl it pumping irony. jake tapper, abc news, the capitol. >> how about that? >> you can get a cell phone signal in the gym, you can tweet your pictures in there. >> you have the privacy. there we are. that was just yesterday. >> apparently i work out with my glasses on. >> i am matching, curl to curl. i will challenge you to an arm wrestling. >>> don't this this coming up, talking about the hef. hugh hefner. >> little heartbreak. >>> and the american idol judge ♪ skinny ♪ so skinny >>> it is time for the skinny. i think i am up first. let's talk about "american idol" and one of the judges, jennifer lopez hinting she may not come back. talking to bbc radio. saying she was sort of on the fence about returning. though she raked in $12 million. got to premier her song "on the floor." which seems to be everywhere these days. and performed "on the floor" as well. just not sure if she wants to come back. you have to wonder if this is a negotiating ploy. >> doesn't this seem to be the case when

you said that you don't plan americans far perhaps dropping out right at the end of the day the fact is i don't think politics really plays that great of a role in the average american life they don't they're not likely got these left here in washington d.c. and they don't sit around and watch what everyone has to say and what every politician has to say so in order for them to get politics out of their life they first have to get into politics it's we talk about independents in politics and independents from politics if you look at how what are some intractable issues that we're finally starting to see some progress on and what was the avenue for that progress that's an interesting question so on something like the drug war a total bipartisan cluster fudged by every stretch of the imagination no one actually defends this stuff it's just a status quo that lives on so if you elect a politician thinking that he's going to be better on the drug war you lose so how do. change things you find other weirdos who think they're weirdos actually it's getting to be a majority position but who think that this is unconscionable and you organize yourself using the tools

and just get your take i mean this is something you certainly know more about tonight than the average american in terms of what afghanistan looks like in five ten years from now i know that you know there was a time when you know after the soviet union got out of afghanistan a lot of the people there in afghanistan became educated by the soviet you know and they came back and they brought their education and they brought what they learned and they in some ways molded the direction of afghanistan with this new sort of middle to upper elite class what happens now i mean who will be the new elite class in afghanistan once the u.s. sort of draw down troops well you know recently nato secretary general rest then he said that he's urging the u.s. to continue you know. to not continue this significant pull our troops in that we need to get maintain this broad counter insurgency strategy and i feel that as long as they maintain this presence it's only going to cause further you know it's going to cause for the problem for the average community needs to begin withdrawing slowly but you know and as they