gulf of mexico. residents of mississippi and louisiana got short notice warnings today. get ready for tropical storm lee to hit this weekend. it may not be as powerful as a hurricane, but it s moving at a crawl, which means new orleans canals and levees will be tested by a prolonged rain. up to 15 inches or more are expected plus a storm surge. we ll get a live update on storm preparations in a few minutes. but first, today s stunner from the labor department, the country saw a net gain of no jobs in august. plus no change in the unemployment rate still 9.1%. it is the worst jobses report in a year. wall street crater, the do you industrial, s & p 500 and nasdaq all lost more than 2% today. president obama didn t even try to put a positive spin on the news. no on-camera statement, not even a written one. we did catch one clims of him today as he left for camp david without even turning to wave good by. with us now, the president s former economic advisor, christina roamer
export. you can t export someone turning the burgers at a mcdonald s. and a machine can t do it. you cannot yet. what you can export are the middle class jobses and higher end manufacturing and some service jobs and lawyers are being exported in terms of document production so it is in the middle where you see the squeeze. that s why you have to have a much higher emfas oits skill of the population. here ate challenge that america faces. we have this huge overinvestment in college education. we have seen through the first decade of the century, that the wages of college graduates who have been rising handsomely have begun to stagnate and the premium for college graduates has been dropping. there s an argument of about why this is soluble. employers are getting better saying that a college degree is not a college degree. you have a degree in math from fr cal tech, that s one thing. you have a degree in communications from somewhere else, that s a different thing. so the challenge
towards the bottom are service jobs that are frankly, harder to export. you can t export someone turning the burgers at a mcdonald s. and a machine can t do it. you cannot yet. what you can export are the middle class jobses and higher end manufacturing and some service jobs and lawyers are being exported in terms of document production so it is in the middle where you see the squeeze. that s why you have to have a much higher emfas oits skill of the population. here ate challenge that america faces. we have this huge overinvestment in college education. we have seen through the first decade of the century, that the wages of college graduates who have been rising handsomely have begun to stagnate and the premium for college graduates has been dropping. there s an argument of about why this is soluble. employers are getting better saying that a college degree is not a college degree. you have a degree in math from fr cal tech, that s one thing. you have a degree in communications
he s at that number now in the most recent poll. he has a seven-point lead over angle. it s been a daily barrage of attacks about her positions on social security, abolishing various federal departments and, of course, worst of all for her in this environment, the clip played over and over again as part of a u.s. senator s job is not to create jobs. that s not a good thing to upset. let s comment on that. this is campaign 101. especially if you re vulnerable and your opponent is relatively new, define them before they can define themselves. since sharon angle won, harry reid has spent $700,000 on tv advertisers. this is an example of him using his money. sharon angle says it s not a senator s job to fight for jobses, that we re on our own. people ask me, what are you going to do to develop jobs in our state? well, that s not my job as u.s.
you heard the house minority leader john boehner talk about. it is hard not to see the importance of this vote. you heard house speaker nancy pelosi ted kennedy and his life s work trying to get healthcare reform pass bringing up senator kennedy two months and two-days after the seat was handed over to republicans by a candidate who campaigned on being the vote on the senate against healthcare reform. soon after that it was believed healthcare reform was dead democrats turned to jobses. now you are looking at a vote on the highways floor that has started the magic number was 216. that is what we are looking at tonight. it a apoors the democrats will have it. steve hayes from the weekly standard and weekend columnist