we all know how many people are underemployed. how many people are working the jobs they could be doing a lot more, are being deprived of that opportunity. we know that places benefit when things are built and people are put into jobs, not thrown out of them. why does the public resent that? why have they been led to resent that? >> i don't think the public resents that. i think the tea party republicans have done very well, by talking about big government in the abstract. by talking about debt in the abstract. i think the president has done as you know, about as well as he could in a very difficult situation. he's now got to turn and he's got to turn and communication with the country. he's got to fight for jobs. he's got to go out there and be willing to draw those dividing lines and say, look, i'm fighting for you. these guys are fighting for the special interests. take even financial reform. which they never talk about. he ought to be saying, we want to make sure the wall street excesses are reined in. the other guys want to l

are higher, about 25 million people are now unemployed and underemployed, but beyond the numbers ist that this has been a wasted year when it comes to saving the middle class. not only have we done almost nothing, we've taken measures that are going to make it much harder to turn things around, and we've done things like extending the bush tax cuts for the wealthiest americans, that are detrimental, and above all, the whole conversation has changed, so instead of focusing on jobs, over the last two years we've actually seen a decrease in the amount of time we've spent discussing the jobs crisis and the skyrocketing increase in the amount of time we spent discussing the deficit crisis. >> arianna, how does our politics miss them, i mean there's nothing bigger and more obvious to go to as a rich source of votes than the middle class. why would our politicians choose not to address them? >> well, i think what has happened is that republicans at the moment, under the influence of the tea party, have decided the biggest crisis we're facing is the deficit, period. it doesn't matter how mu

it is really up to us to mobilize the unemployment, underemployed, middle class, those of us who are dipping into our own pockes to the help family members. who need a little extra. i mean, all that is going on in america right now, al. and i think that you're right on target. we need to come to washington. and surround this tea party and these republicans and let them know. now, finally, i think the president's plan has to be bold and i would focus on the districts of the republican and tea party members and say, here's a bridge. here's a school. here's a firehouse. here's a construction job. and dare them to vote against their own constituents. >> ryan, i see you nodding. what do you say it that? how do we get that kind of plan through? >> well, reverend, the plan that you mentioned fast, which is about fixing the schools, you know, it's the type of thing that would be extraordinarily popular. you know, whenever you drive by a school, whether it's an urban school or rural school or suburban school, you can take a look at that school and see where it needs to be fixed up. >> that's

. >> and the numbers that we use, karen, that doesn't factor in the underemployed, the people givingoking for a job. president obama's job focused on jobs all week. he held town halls in the midwest, in minnesota. but he was not in any of these black communities that had been hard hit. is the president doing enough to help the black community when it comes to jobs? and is he also doing enough to help the perception that continues to linger? >> you know, here's what i think the president should be doing and i think it's unfortunate that he didn't go to latino communities, african-american communities. some would say that the president is the president of all of the people and he should have a job agenda for everybody. i don't disagree with that. but i do think to your point, we have to be willing to look at those -- at that second layer of data that tells us what is really going on with the underemployed, with the african-american community, with the latino community. look at what is happening with our children. they are the ones in times like these that suffer the most. what i think

the government says 14 million unemployed and if you add in the underemployed, people that would like to work full time but can only find a part-time job, so you've got 22.5 million people in the united states who are either unemployed or underemployed and a lot have been unemployed for a very long time. what's the prognosis for them? >> we've got a long haul and it will take a few years to get the unemployment back to what you were suggesting in the 2004, 2005, 4% or 5% unemployment. even then i don't think we get back there because as chrystia pointed out, we have a lot -- a large number of long-term unemployed who will have a great deal of difficulty getting back in the job market, because they've been out of work for so long. >> let me ask each of you in closing and i want to bring up on the screen here the sector changes. the government bled 30,000 more jobs across the country state and local governments don't have money. they're laying people off. here's what grew, manufacturing, 24,000 jobs up, the mining industry, retail trade, that's good, consumers are spending more money, h

is growing at the same time you've got something like 24 million people who are unemployed or underemployed. half of those have to get back to work. so i say close to 20 million jobs will center to be created, john, in the next 10 years. >> you think this -- >> 20 million jobs is what clinton created in his years. and george w. bush had actually negative job growth. and when this president took office, we were still losing jobs. i think at the rate of 800,000 a month for those first several months. this job growth is extremely weak. nobody is happy about it. but the awful truth is there isn't a lot that this government can do about it. maybe you have some secret ideas. >> no, they're not secret. there are a number of things that could be done. they should have been done at the beginning of the downturn. >> like what? >> like an infrastructure bank and get huge infrastructure programs underway. those are job multiple fliers, not just job savers. too much money was diverted by the congress to the cities and towns which basically helped the public service unions. these did not save jobs, okay?

. >> 25 million people are unemployed or underemployed and you're spending $50,000 -- don't think you'lla chance to identify what the needs of these people. and that's being part of problem. looks look it's an elitist administration because they haven't been ability able to connect with what is happening on the street. >> administration, why did vice president joe biden allegedly call tea as they claim he did? [audio not understandable] >> question, why is president obama playing dodgeball when he could have hit a home run using this as a teachable moment about civility? eleanor? >> i don't think there's a lot of civility right now in american politics. and i don't think that was much of a teachable moment. i thought he did very well in trying to engage with his gentleman and point out that the word terrorist was used apparently in a meeting that the vice president had with democrats, and biden sort of nodded and just moved on. and so now they're trying to hang this around his neck. i think the more appropriate sound bite is rick perry -- excuse me! rick perry basically saying then berna

quarter we grew by 1.3%, and the unemployment at 9.2%, and almost 29 million people unemployed or underemployng in the deal that makes the economy any better, and absolutely nothing at all. that is a truly dysfunctional system if after all of the debate, if after all of the effort, that is what we have ended with. >> what is extraordinary is that nancy pelosi said earlier it was a satan sandwich with satan fries on the side to describe the deal, and what kind of deal is that for goodness sake? why should the american people have to put up with a satan sandwich with satan fries. >> i thought it was another congressman who said that and did nancy pelosi say that, too? >> apparently, yeah. >> well, that is spraz iurprisi because she is careful and circumspect in what she says. well, there are a enormous amount of people in the country, republicans and democrats, who do not believe that this is making the economy better. it is like we have a stalled car, the economy and instead of trying to start it with jumper cables we are taking out the gas tank, and that what we are doing. and the president w

supporting those unemployed and underemployed people, supporting struggling small businesses in a difficult economy, and i support the small businesses versus more chain stores that seem to be coming into the store fronts, but i try to be sympathetic to local businesses because they make up the diversity of our local neighborhoods. those are some of the challenges that face our businesses. >> are there other issues specific to your district? how do you balance the needs of the issues in your district against the needs of the city as a whole? >> i know that our district has a higher proportion of seniors than some other district, and there is a brand new senior complex and wraparound community services complex called the institution on aging bridge housing complex, but it is going to concentrate a lot of the senior services and nonprofits. about 180 units of affordable senior housing in our district. i am actually a baby boomer, at the edge of the baby boomer, and i know that baby boomer era. there's this huge boom in a population of seniors in our city that will grow. i think by 2020, 60% o

like furlough days and things like that but aren't a lot of people also you know what we call underemployed they're full time hours and switch to part time you do see a lot of that i'd like to see a lot more in the sense that if the alternative is going to person or if you're much better off going to part on that someone's going to be happy if they're counting on a paycheck for forty hours a week but if they get a ten percent cut in hours and a five percent cut in pay i think most people consider that much better than being laid off altogether and you point to germany and many ways they seem to be a country that a lot of people are looking at as putting a lot of good examples i want to look to two currencies around the world and so it's sweet from the global economist nouriel roubini today he said that basically q e three has already started in japan and switzerland that the fed will eventually get to it too but it may be too late so i want to talk to you about your thoughts on this with and the japanese devaluing their currency against the dollar and if you think that another round of quan

. >> reporter: chavez is one of the workers characterized as underemployed. >> underemployment is not survival. >> unemployment has held above 8% for more than 30 straight months. do you think we're at risk of another recession? >> the risk of a double-dip just went down slightly with today's employment numbers but it's not gone away. >> reporter: at the chicago mercantile exchange, john brady put it this way: >> until the job market starts to contract and we see outright negative job growth or job losses, the chance of a double dip are still rather small. >> reporter: but the markets remain highly volatile, scott, and two out of the three major indexes still ended the day in the red. >> pelley: anthony, we had that big drop in the dow earlier in the day, and then it turned around. what made the difference? >> reporter: well, the first shift in mood came with the job numbers, but the second real rally came when the word leaked that the european central bank was intervening to help italy and spain, which many feared were going the way of greece. that's when we had that 400- point swing

we're back to jobs, which is critical to the 16% of american people more either unemployed or underemployed, it's critical. it's also critical to a democratic president who wants to get four more years. a lot of the talk has been the private sector. the market needs certainty, does the market need certainty until we know what this super committee reports around thanks giving? or are we going to have the uncertainty that it's a legitimate reason or excuse? >> i guess because there are some of those triggers built, in people trust that we're going to get those cuts coming in november. but in a sense, this is a drop in the bucket. if you take a longer term view, as you have pointed out, this does not address the big issues with entitlements in this country. you have several million mens coming on medicare over the next few years, that number is growing, we're not dealing with that issue. that's just one of many issues we need to deal with, with social security and medicaid as well. if you look at the long term uncertainty none of that is being dealt with. in a sense this paints a negative pict

about politics at this moment, what does it mean for me when 16% of americans are unemployed or underemployed. the reason it's so tough for the president is unfortunate it will be tough for you, too. there's very little evidence the job market is about to kick into higher gear. >> let me reset for our viewers. we are getting to the top of the hour here, 1:00 p.m. here in washington, d.c., 1:00 p.m. eastern. we are here in the cnn newsroom watching what's going on in the rose garden at the white house. momentarily we're told the president of the united states will go into the rose garden and he will address the nation on the senate's movement just a little while ago to pass the legislation raising the debt ceiling. harry reid, the majority leader's meeting with reporters. let's listen in as we await the president. >> that's the way it is. it's that way because that's how our system works, that's what compromise is all about. it was a bipartisan compromise. it wasn't the right wing cap, cut and whatever it is over there. that was not bipartisan. it's nothing that we could agree to. it was reall

phenomenal to a millionaire movie star or small and it probably sounds pretty good to most of the underemployed twenty somethings living in mom and dad's basement who bankroll the public education system with the tax dollars coming out of their big paychecks so naturally lawrence o'donnell over m s n b c had to weigh in. that's how crazy the attack on teachers has become comparing public school teachers work incentives to the work incentives of movie stars it has never occurred to the teacher haters that teachers want to be teachers for any reason other than job security has never occurred to them that teachers might want to be teachers because they like teaching because they love teaching and because they care about their students the right wing attackers of teachers have never even shown a slight just curiosity about the job performance of another group of government workers who have very very high job security police officers oh man this is loaded with logical fallacies and rhetorical garbage teacher haters appeals to emotion. forget it unfortunately for the sake of o'donnell's journalistic

onwards that is caused this and i would argue that for some especially the unemployed or the underemployed they're already experiencing these diet these dire circumstances and what we just passed today my goodness had congress spent that much time and energy looking at job creation we would be in a much better place than these draconian cuts that they're proposing on the poor the working class on the elderly not receive knowledge president of the us government and dr caroline hellman faster politics at occidental college. well once again i want to turn this discussion away from the lawmakers and on to the people here how do they feel about what is being decided for them on their behalf and what i think it all means all or harshness of the resident gotten out as i did to find out just that and here's just covered. with a looming debt crisis the u.s. is watching the clock tick down to an economic armageddon what does that even mean this week let's talk about that they keep setting dates over and over again and nothing happens just part of the negotiation process i think so it's idle threat.

before the bust was seventy percent consumption with high unemployment rates with millions more underemployed with plenty of workers not included in the headline unemployment rate consumers aren't feeling optimistic they aren't willing to borrow more money and spend beyond their means the way they were in the past and banks not accommodating them either the banks have typed up on a lot of consumer credit and so it is that there is uncertainty that there's actually a pretty safe degree of certainty that the outlook is going to be terrible all the business surveys completely debunk the party line that business is the culprit the business the surveys show that businesses are most worried about demand you know unless you're in a business that benefits from a terrible economy and there are some you know tailors for example are doing gangbuster business right now unless you're one of those businesses that's countercyclical countercyclical you don't have good prospects and you don't have any confidence that the economy is going to get better any time soon why don't you stick your neck out and hire p

onward that has caused this and i would argue that for some especially the unemployed or the underemployed they're already experiencing these die of these dire circumstances and what we just passed today my goodness had congress spent that much time and energy looking at job creation we would be in a much better place than these draconian cuts that they're proposing on the poor the working class and the elderly all right since we did twenty seconds or less with what you would have done let's say twenty seconds of less or whatever what you think comes next start with you well comes next is we got to stop spending before because one day we're going to wake up and people are going to treasury notes anymore and that's the day of reckoning that she doesn't run right caroline what do you think what do you say what do you think would. well i would certainly acknowledge saying that that is a possibility i hope that we are responsible enough with our monetary policy policy that we don't get there i think comes next to some really nasty partisanship around thanksgiving and once again around christma

mean, the pain that's out there is really palpable with almost 25 million people unemployed or underemployed have a horrible story in the "the huffington post" yesterday, and you and i have daughters and the idea that 245,000 students are now registered on a site called seeking arrangements, trying to find sugar daddies. >> i have heard about it. >> it's not a few thousand women, we're talking about an epidemic, kids graduating from college cannot pay for their college debt. over $3 trillion in college loans, more than credit card debt, so there's something horrific going on in this country and we cannot understand, i don't think anybody has really explained why the president did what he did. >> all right, let's do -- it's a difficult thought experiment. let's do the thought experiment that you actually could afford to be one of those contributors, you somehow could come up to the money to contribute to the obama reelection campaign. >> not as expensive. >> you are at the high-dollar event at chicago and he takes you aside and says arianna, what should i do? >> i would say mr. president, fir

this generation is 37 percent unemployed or underemployed.this is the highest share of this age group in three decades. while 55% like a bomb a personally, they can see his policies have been tried and viscerally have not worked. unemployment has gone up. many are still on their parents so far of. as republicans we can say they were tried and failed to make sure we do not demonize him personally because the generation still likes him. we have to make the pragmatic case not a personal one. also, every time we talk about spending, we should talk about how spending in washington is generational theft and connect the dots specifically to them. it is their fiscal future. they have to pay for it. every single dollar washington's benz the people will have to pay it back with interest. that it is our fiscal future and economic prosperity that is robert. republicans when we have the chance need to make a strong case it is the republican party who can make a bold decisions to represent what hope and change is and not politics is normal normal -- politi

the electorate, tip the scales in this broken down, money-laced political system, how does an underemployedited era, is there any room left for people power, for jefferson's yeoman. if anyone has answers, my money's on elizabeth warren. >>> if you were near a >>> if you were near a television shortly after noon eastern today, you got to see something extraordinary. rebels stormed and took control of gadhafi's compound, the place he had been launching attacks against his own people and where he once swore on stated-controlled television to cleanse libya house by house of citizens that were disloyal. richard engel was the first to report from inside the compound. he walked viewers throughout the scene of the important victory of a revolution 42 years in the making. it was truly must-see tv. so if you were at work or out to lunch and you missed it, here's your chance to see history. lean forward. >> i am inside gadhafi's compound, this compound was designed as a last-stand facility. it was full of weapons, it was full of food, it was full of fuel, and some of that fuel, apparently was burning.

low taxes and we have had historically low taxes and we still have 25 million pokes unemployed, underemployedgiving up being employed. the democrats have been saying we have got to simulate the economy for eight years and guess what, we have the historic lie levels of stimulation and it hasn't done a thing. we have got to start thinking about what drives a free enterprise capitalist economy that's what we have. it's worked more than 200 years to create millions of jobs and wealth across not only this nation but around the world. if we had a president who said that, bill, you are right. >> bill: i'm not saying that president obama has to abandon all his liberal tenets and philosophy. >> it would be nice. >> bill: okay, for you and me would be nice because we're more free marketeers and -- >> yep. >> look, i sympathize with mr. obama in the sense that wall street hosed everybody, lou. >> absolutely. >> wall street hosed everybody, because the bush administration chris cox and all these guys supposed to be overseeing, let them go crazy with bogus mortgages and barney frank. barney frank. i know

the electorate, tip the scales in this broken down, money-laced political system, how does an underemployed era, is there any room left for people power, for jefferson's yoeman. if anyone has answers, my money's on elizabeth warren. and economic growth. north america actually has one of the largest oil reserves in the world. if anyone has answers, my money's on elizabeth warren. i. this resource has the ability to create hundreds of thousands of jobs. at our kearl project in canada, we'll be able to produce these oil sands with the same emissions as many other oils and that's a huge breakthrough. that's good for our country's energy security and our economy. toi switched to a complete0, multivitamin with more. that's good for our country's energy security only one a day women's 50+ advantage has ginkgo for memory and concentration, plus support for bone and breast health. a great addition to my routine. [ female announcer ] one a day women's. >>> if you were near a television shortly after noon eastern today, you got to see something extraordinary. rebels stormed and took control of gadhafi

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. >> then will there are the underemployed taking part time jobs even though they would rather take fullthey have gone and taken whatever job they can to get some money coming. in many are working two and three part-time jobs. >> we may face those predicaments for some time if we don't great more than 117,000 jobs a month. one analyst says even if the economy were creating 175,000 jobs a month, the same pace from the growth years of 2003 to 2007, unemployment wouldn't get down to 5% until 2018 harris? >> jim angle, thanks very much. less than 60 seconds and just two senators, that's all it took to get the f.a.a. up and running again. for now anyway. the standoff that shut down parts of the federal aviation administration for two weeks is now over. just on hold, maybe. chief congressional correspondent mike emanuel live from across the capital there. mike, if it was so easy to do, could happen that quickly, why didn't they do this two weeks ago. >> harris, the first priority was trying to do a longer termed deal which the f.a.a. hasn't had since 2007. in this package, democrats were worri

with 25 million people either out of work or underemployed, people losing their homes, i have two daughters in college. they have so many friends who are graduating from college and cannot get jobs. and yet i think really, piers, what is the most disturbing thing is that the government, our leaders, are not bringing the required sense of urgency to this crisis. that is what is missing. remember in 2008 when weapon threatened with the collapse of wall street? suddenly all the establishment, financial, political, media, came together. and they basically threwering against the wall to save wall street. we never had that sense of urgency around jobs growth and the middle class. that's the point i'm making in the book. >> funny enough, when i saw all the attention given to hurricane irene, it was very interesting to me how you saw federal and state officials, all coming together in a very public, dramatic, fast-moving way and getting stuff done. and regardless of whether you think it was overhyped or not, the bottom line is that speed and efficiency and collective will certainly saved lives. if

the chinese economy is a success and not a big pool of underemployed young people, because there arehild policy, and it is the case while people in china have grievances against the government, most people believe that the regime in china is more popular with the people than the democratically elected regimes around the world and certainly mubarak and why this is happening was a mystery and why the government was respond sog harshly is what we tried to figure out. >> in the article, you mentioned that presidential campaign jon huntsman who was a presidential candidate at that time was present and it caused a stir. >> yes, this was the second week of protests in beijing and jon huntsman with the ambassador then, was dressed as a character from top gun and he had on aviator sunglasses and aviator jacket, and he was caught by protesters in the beijing area, and the natural assumption by the japanese mainstream media and the bloggers is that this showed that the u.s. was behind fomenting these protests, so there was a huge mishap, and ambassador hunsman said it was all a coincidence. >>

we know how many are underemployed. working at jobs they could do nor and are deprived of that opportunity. my question again, go through the next year. we know that localities benefit when things are built and people are put in jobs not thrown out. why is the public resent that? led to resent that? >> i don't think the republicans have done very well, tea party republicans talking about big government in the abstract. debt in the abstract. i think the president has done, you know, about as well as he could in a very difficult situation, but he has now got to turn and turn and communicate with the country. he's got to fight for jobs. he's got to go out there and be willing to draw the dividing lines and say, look, i'm fighting for you. they're fighting for the special interests. take financial reform, which they never talk about. he ought to be saying, we want to make sure wall street excesses are reined in. it's a democratic message -- >> you guys -- >> go ahead. >> mitt romney once, beat him when he tried to knock off

one is that one in six workers in the workforce is either unemployed or underemployed.statistic that looks at comprehensive unemployment. that's one in six workers struggling with unemployment or underemployment. and we know from food hardship data that frack analysis says that one in five americans reports having a hard time having enough money to afford food for the family. that shows you the struggles that families have and that it's no surprise, then, that so many people would need to turn to the s.n.a.p. program. >> ellen, thank you very much. i hope we're not having to talk to you more. but sadly, i believe we will. >> thank you. >>> jerry lewis was supposed to make his final appearance as the host of the muscular dystrophy teleth telethon. but jerry lewis will no longer be the chairman. courtney has the scoop for us. >>> but first, a lot going on today here. congressman david wu has stepped down following allegations he made unwanted sexual advances towards an 18-year-old. the oregon democrat's rez sags was effective yesterday. he's the fourth member of congress

to 40% to 45% and those aren't calling those who have fallen out of the job market or who are underemployedays something about then viernment, but it does say something, too, about this administration and whether or not they are able to, in that sound policy decision to pass a very obstructionist congress to put america back to work. that's the real question and not just is barack obama doing enough -- president obama doing enough, but is this congress willing to allow him to do enough. >> on your website you write about the reluctance of many black americans to criticize the president. here's what reverend jesse jackson had to say on msnbc. >> in some sense our silence has not helped the president. we've been trapped between protesting against him when it is not. our protest empowers him and it helps determine the direction of the floor of america's agenda. >> goldie, what do you think about that? could criticism of washington and of president obama empower the president especially on behalf of the african-american community? >> it's in our culture. back sense talk is not allowed. putting

. >> for the millions of americans unemployed or underemployed, it is a sobering moment.for your time. we'll keep in touch as it plays out. >>> the brutal crackdown in syria against government protesters, you might not think it's possible, but it gross even worse. from the teachers to the students. i had a student the other day that said... "miss stacy, this class is changing the way that i look at things." sparking that interest and showing them that math and science are exciting... it's why i teach. ♪ i know they can, even when they think they can't. >>> welcome back. we're live at the white house tonight. if you're just joining us, here's the latest news you need to know right now. congresswoman gabrielle giffords seek re-election? that's the question that many are asking following her dramatic return to congress yesterday to vote. her spokeswoman says the congress woman has not made a decision that she's focused on recovering from the near fatal shot to the head several months a g ago. >>> activists report at least 30 people were killed in syria and dozens more wounde

you're watching at home and you're nervous, maybe the value of your home has dropped, maybe you are underemployedemployed or someone you know and here i've lost a lot of money this year, but i'm going to pull it out because do you know what, i'm just getting nervous. help them, help them, you say stay on the roller coaster. why? >> well, again, the dow, let's take it all the way back, the t.a.r.p. mess and all of that was a much more real and bigger crisis than we're facing today. >> yeah. >> it took the dow all the way from 14 down to 6500, where did it go, by april 29th of this year it was almost back to 13,000. >> yep. >> and so if you panicked based on the move then, you lost half or three-quarters of your money. if you panic on this, you're going to lose your money. listen, home depot and mcdonald's and alcoa are not worth considerably less than they were yesterday, today, that's absurd. they are not worth less. translation, you're at kmart and the blue light's on. these things are on sale today! >> these are on sale today, okay, that might be a hard message to sell but i understand the logi

the unemployed or underemployed is probably twice that number. we need cheap energy.s project will provide abundant and reliable energy. the oil sands in canada have over 100 billion barrels of oil in them. we need it now given particularly because we want north american energy production. better off if it's domestic. we've been relying on mexico and canada for many years. over the last decade mexico's oil production has fallen by 600,000 barrels and canada's has risen by more than 600,000. we need the reliable energy production as close to home as we can. if we can buy it from friends and allies that's even better. >> brown: that's the argument. we need the oil. why not get it from a friend rather than be more dependent elsewhere and especially if it provides u.s. jobs. that's the argument. >> you know, there's got to be a better way to deal with our food stamp problem especially when, as we're now beginning to see after a year of the most violent and extreme weather we've ever recorded from the planet, after the price of food has gone up around the world 80% because